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MarketsConfirmedMedium
9.3

USD/PEN exchange rate declines to 3.392 following US inflation data

The Peruvian Sol appreciated 0.38% against the US Dollar as lower-than-expected US inflation data reduced market expectations for further Federal Reserve interest rate hikes. This shift in monetary policy outlook has triggered a broader weakening of the dollar against emerging market currencies.

El Comercio (Peru)3 days agoPE, USCredibility 37%View source

Score Breakdown

Mosaic Score9.3
Confidence0.9
Significance0.5
Source credibility0.4

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