Peruvian sol strengthens to S/3.38 as US labor cooling and gold highs weaken dollar

Risk appetite returns to global markets, driving the greenback lower against emerging-market currencies including Peru's sol.

By Handelsavisen Newsroom · Automated 5 August 2026, 17:28 UTC · 1 min read

The Peruvian sol appreciated against the US dollar on Wednesday, with the interbank exchange rate opening at S/3.386.

The move reflects a broader softening of the greenback as international markets exhibit renewed risk appetite.

The dollar's weakness is being driven by signs of cooling in the US labor market, alongside gold prices hitting new highs.

These factors have combined to reduce demand for the US currency, allowing emerging-market assets to gain ground.

This session's performance continues a recent trend of sol strength.

The currency had previously traded at S/3.41 on Thursday, according to data from the Central Reserve Bank of Peru (BCRP), marking a continuation of the greenback's softening trajectory in South American markets.