Peru’s Sol Hits 10-Week High as Leftist President Leans Center

Peru’s currency breached a key level and is heading toward its strongest since President Pedro Castillo came to office two months ago, as the former union leader takes an increasingly moderate stance.

The sol rallied 1.38% on Wednesday, the best performer out of 24 emerging-market currencies tracked by Bloomberg. It strengthened past 4 per dollar to 3.9790, the highest since July 27. 

Author: Maria Elena Vizcaino