Markets

Peru's central bank buys $60 million, sol ends bidding stronger

Published September 13, 2012 Updated September 13, 2012 11:51pm

The sol rallied on news of the US Federal Reserve's aggressive stimulus measures that will likely boost dollar inflows to emerging economies like Peru, and as companies here continue to buy soles to pay local taxes.

The central bank has raised reserve requirements and bought more than $10 billion as the sol has strenthened 3.8 percent so far this year.

Copyright Reuters, 2012