Mario Guerrero

Peruvian Sol Plunges as Weakness Raises Chance of Intervention

Peru’s sol slid to a nine-month low, raising the possibility that the central bank may intervene to strengthen the currency, according to economists at Banco Bilbao Vizcaya Argentaria SA and Nomura Holdings Inc.

Peru Sol Posts Steepest Weekly Drop in Month; Bond Yields Fall

Peru’s sol posted its steepest weekly decline in a month as the central bank boosted dollar purchases to offset rising inflows into the country.

Peru Bonds Gain on Speculation Tax Payments to Drive Sol Rally

Yields on Peru’s benchmark bonds due in 2020 fell as investors bought the securities on a bet the currency will appreciate as companies sell dollars to make tax payments.

Peru Sol Weakens as Central Bank Buys Dollars; Bond Yields Rise

Peru’s sol depreciated for the first time in four days after the central bank bought dollars to stem gains in the local currency.

Peru Keeps 4.25% Rate on Balanced Economy and Slowing CPI

Peru kept borrowing costs unchanged for the 18th consecutive month as policy makers said economic growth is near its potential and inflation is slowing to the mid-point of their target range.

Peru Probably Will Keep 4.25% Rate as Focus Turns to Curbing Sol

Peru’s central bank probably will keep borrowing costs unchanged for the 18th consecutive month today after taking steps to stem a rally in the sol and restrain credit demand.

Peruvian Consumer Prices Rose 0.27 Percent in August, Less Than in July

Peruvian monthly inflation slowed in August after increasing at the fastest pace in three years the previous month, as the lower cost of imported grains offset higher electricity prices.

Peru Sol Posts Weekly Gain on Higher Inflows as Copper Climbs

Peru’s sol rose this week on speculation higher prices for metals, including copper, will continue to lure foreign investment into the country.

Peru’s Sol Falls Most in Two Months on Central Bank Purchases

Peru’s sol posted its steepest decline in two months after the central bank stepped up dollar purchases to soak up supply from companies paying taxes in local currency.

Peru’s Sol Falls to Three-Month Low After Central Bank Measures

Peru’s sol closed at its weakest level in three months after dollar purchases by the central bank and pension funds diminished local supply of the greenback.

"The rally could have continued, but the central bank's intervention became much stronger."

- Mario Guerrero on Apr 12, 2013

Peru

Lima

New York

Japan

SAC Says Cooperation With U.S. No Longer ‘Unconditional’

U.S. Stocks, Dollar Rise as Data Fuel Economic Confidence

U.S. Stocks Advance on Leading Indicators, Sentiment Data

Republicans Unsatisfied by IRS Answers Press for More

American Capital Fights Fed Exit Worry as Investors Flee