The US dollar declined against the Peruvian sol on Tuesday, continuing a softening trend that has characterized the currency pair in recent sessions.
Market participants in Lima are operating with heightened caution, closely tracking developments in the international macroeconomic landscape and shifting expectations regarding interest rates.
This latest move follows a period of gradual depreciation for the greenback in the region.
On Wednesday, the dollar traded at S/3.40 against the sol, according to data from the Central Reserve Bank of Peru (BCRP).
The rate represented a continuation of the greenback’s recent weakness in South American markets.
By Thursday, the dollar had weakened further, closing at S/3.41, marking a slight softening from Wednesday’s opening level of S/3.415.