Wednesday, April 18, 2007

Peru's Central Bank Completes Biggest Dollar Bug as Sol at 8-Year High

(Bloomberg) -- Peru's central bank purchased dollars for a fourth day in an effort to weaken the nation's currency after it traded at an eight-year high.

The sol fell for the first time since April 9, declining 0.03 percent to 3.1790 soles per the dollar. It earlier gained to 3.1765 soles, a level it hadn't reached since January 1999.


Read more at Bloomberg Currencies News

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