Peru Sol Hits Record Low as Leftist Takes Crushing Poll Lead Bloomberg 1 hr ago Fabiola Zerpa and Maria Elena Vizcaino
(Bloomberg) Peru’s currency took another battering Monday after leftist presidential candidate Pedro Castillo extended his poll lead ahead of June’s runoff election to a crushing 20 percentage points.
The sol dropped 1.2% to a record low for the second consecutive trading session, underperforming all other emerging-market currencies despite intervention from the central bank. The benchmark stock index touched a five-month low.
Castillo is backed by 41.5% of people, compared with 21.5% for market-friendly Keiko Fujimori, according to a poll by Instituto de Estudios Peruanos published in the daily La Republica Sunday.
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