The Peruvian sol continued its upward trajectory against the US dollar, marking a third straight day of gains for the local currency.
On Thursday, the exchange rate settled at S/3.403, reflecting a 0.38% decline from the previous session’s close of S/3.416.
This move underscores a persistent softening of the greenback in the region, driven by broader market sentiment and shifting expectations around US monetary policy.
The sustained pressure on the dollar has provided a tailwind for the sol, which has been trading lower against its US counterpart throughout the week.
Market participants are closely watching developments in the US economy, particularly upcoming data releases that could signal whether the Federal Reserve will maintain its current stance or adjust policy in response to inflation and growth metrics.
Any indication of a dovish shift could further weaken the dollar, while hawkish signals might reverse the sol’s recent gains.