Peru cenbank buys $158mn, sol strongest since 1997

LIMA: Peru's central bank bought $158 million on the local spot market on Thursday, but the sol still closed at its strongest level since October 1997. The sol bid 0.19 percent stronger at 2.642 per dollar.

The central bank frequently buys greenbacks as it tries to curb exchange-rate volatility, building massive international reserves equal to about a third of Peru's gross domestic product.