Markets

Peru's central bank buys $85mn, sol closes 2.667 per dollar

Published March 29, 2012 Updated March 29, 2012 07:13pm

LIMA: Peru's central bank bought $85 million on the spot foreign exchange market on Thursday to soak up excess dollar liquidity, but the sol still firmed slightly to close bidding at 2.667 per dollars.

The sol is trading near a 15-year high on heavy dollar inflows and strong economic growth in the Andean country.

The central bank regularly intervenes on the market to smooth out volatility.

Copyright Reuters, 2012