Peruvian sol resisted global U.S. dollar strength amid copper price surge

Photo: ANDINA/Archive

Photo: ANDINA/Archive

00:30 | Lima, May. 13.

The Peruvian sol showed resilience against the global strengthening of the U.S. dollar and closed Tuesday's session at S/3.4310 per dollar, driven by the rise in international copper prices, financial platform Kambista reported.

Jorge Luis Huayta, the company's FX trader, explained that copper posted a 2.2% gain during the session, helping support the Peruvian currency's performance against other regional currencies such as the Colombian peso and the Mexican peso.

Huayta noted that international markets traded cautiously following the release of U.S. inflation data, which reached its highest level since May 2023.

He indicated that this scenario reinforced expectations of a more restrictive monetary policy and stronger global performance by the U.S. dollar.

In parallel, international oil prices once again surpassed US$100 per barrel, while metals posted mixed results during the session.

The specialist added that the deterioration of negotiations between the U.S. and Iran heightened investor concerns over a scenario of higher energy prices in the medium term.

He noted that this situation has also been affecting global crude oil inventories in developed economies.

(END) NDP/JAM/MVB

Publicado: 13/5/2026