USD/PEN softens as traders await Fed signals

The US dollar traded lower against the Peruvian sol on Friday, continuing a recent trend of softening in the currency pair.

Market participants are closely watching developments in the US economy and awaiting further signals from the Federal Reserve regarding its monetary policy trajectory.

403, marking a 0.38% decline from the previous session's settlement of S/3.

This move follows a period of consistent depreciation for the greenback against the local currency.

On Thursday, the dollar closed at S/3.403, marking a 0.38% decline from the previous session's settlement of S/3.416.

The rate had already softened from Wednesday's opening level of S/3.415, indicating sustained selling pressure on the dollar in the region.

The Central Reserve Bank of Peru (BCRP) data highlights the ongoing volatility in the USD/PEN pair.