The US dollar strengthened against the Peruvian sol on Monday, trading at S/3.41 according to data from the Central Reserve Bank of Peru (BCRP).
The move marks a reversal of the recent downward pressure on the greenback, which had been softening in previous sessions.
The rate represents a modest increase from Wednesday’s level of S/3.39, signaling a shift in sentiment for the currency pair.
Market participants in Lima have been operating with heightened caution in recent days, closely monitoring the exchange rate’s direction as it fluctuates within a narrow band.
The dollar’s recent softening trend had characterized the pair’s movement over the past few sessions, with the currency declining against the sol on Tuesday.
The return to S/3.41 suggests that selling pressure on the dollar may be easing, though traders remain watchful for further volatility.