Markets

Peru central bank sells $2m, sol gains slightly

Published May 25, 2012 Updated May 25, 2012 07:32pm

LIMA: Peru's central bank sold $2 million on Friday in its first dollar sale since October 2011. The sol ended bidding 0.04 percent stronger at 2.695 per dollar. It had been weakening before the intervention.

The central bank has also auctioned deposit certificates and repos in recent weeks to soak up demand for dollars as the sol trades around its weakest levels of 2012 on fears Greece could leave the euro zone.

Copyright Reuters, 2012