The US dollar continued its slide against the Peruvian sol on Sunday, extending a recent trend of weakness for the greenback in the Latin American market.

Trading activity remains limited over the weekend, but the prevailing rate reflects the downward pressure observed in recent sessions.

Data from the Central Reserve Bank of Peru (BCRP) indicates the dollar traded at S/3.41 on Thursday, marking a slight softening from Wednesday’s opening level of S/3.415.

This follows a session where the currency pair closed at S/3.403, representing a 0.38% decline from the previous settlement of S/3.416.

The consistent downward movement suggests a sustained shift in sentiment or liquidity conditions favoring the sol.

The softening of the dollar against the Peruvian sol has been a recurring theme in recent days, with the currency pair moving away from higher levels.