LIMA Aug 15 Peru's central bank surprised
traders by buying $10 million in local spot market on Friday and
the sol currency weakened 0.29/0.36 percent to end trading at
2.802/2.804 per dollar.
The central bank offered to buy dollars as the sol was
It is unclear why the central bank, which usually seeks to
counter volatility, would seek dollars while the sol was
Several traders said they were unsure what drove the
Earlier on Friday, the government reported that the economy
grew by just 0.3 percent in June, a figure well below market
The central bank has not intervened in the spot market since
May 29, which was its first dollar purchase in a year.
(Reporting By Ursula Scollo; Editing by Meredith Mazzilli)