Peru's Sol Seen at PEN2.62 Per dollar At Year-End

Peruvian brokerage Inteligo forecasts that the sol will finish 2012 near its current level at PEN2.62 per US dollar. "The robust fundamentals of the local economy will continue to prompt the demand for the PEN," Inteligo says. "Nevertheless, the worries around the Euro zone crisis coupled with the political tension related to the social conflicts in Cajamarca will continue to add volatility to the FX market. Furthermore, the higher current account deficit would also limit a further strengthening in the sol."

Peru's Sol Seen at PEN2.62 Per dollar At Year-End

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