(Recasts with currency’s closing price, adds market details and vote tally)

LONDON/LIMA, April 12 (Reuters) – Peru’s currency tumbled on Monday morning before recovering amid central bank intervention to end the day up a slight 0.1%, while the 2030 sovereign bond hit a more than seven-month low after socialist candidate Pedro Castillo took a shock lead in the first round of the country’s presidential election.

With over 80% of the vote tallied by Monday afternoon, leftist candidate Castillo looked to be facing a run-off against pro-business conservative Keiko Fujimori in a second-round vote in June.

While often politically turbulent, Peru has been one of the more steadfast and reliable markets in Latin America in recent years, attracting international money managers into its bonds and sol currency.

The sol dropped 2.1% at the open, but ended slightly up at 3,617/3,621 per dollar, central bank data showed. Peru’s 2030…

Read more…

Share.

Comments are closed.