The US dollar closed at S/3.4030 against the Peruvian sol on Monday, extending a recent trend of weakness for the greenback in the South American market.

The currency pair traded in a narrow band throughout the session, with an opening level of S/3.4030 and an average rate of S/3.4033.

Intraday volatility was contained, with the dollar dipping to a low of S/3.3990 and peaking at S/3.4050 before settling near the session start.

This latest close marks a continuation of the softening trajectory observed over the past week.

The dollar had previously traded at S/3.41 on Thursday and S/3.40 on Wednesday, according to data from the Central Reserve Bank of Peru (BCRP).

The consistent downward pressure suggests a shift in local sentiment or reduced demand for foreign currency among importers and investors.