The US dollar traded at S/3.41 against the Peruvian sol on Thursday, according to data from the Central Reserve Bank of Peru (BCRP).

The rate marks a slight softening from Wednesday’s opening level of S/3.415, suggesting a pause in the greenback’s upward momentum against the local currency.

4090, down 40 points from the previous Friday’s settlement of S/3.

The move follows a volatile few days for the pair.

On Tuesday, the dollar weakened to close at S/3.4090, down 40 points from the previous Friday’s settlement of S/3.4130.

However, that gain was short-lived, as the dollar reversed course on Wednesday, opening higher at S/3.415.

Thursday’s settlement at S/3.41 indicates that market participants are currently in a holding pattern, with neither currency asserting clear dominance.