The U.S. dollar exchange rate closed Monday's session at S/3.426, accumulating a 2.33% decline compared to the previous week, amid an international backdrop marked by rising geopolitical tensions and volatility in financial markets.
"Despite the deterioration of the external environment and the increase in global risk aversion, the exchange rate in Peru has continued to show a downward trend in recent sessions," explained Jorge Luis Huayta, FX trader at Kambista, an online currency exchange platform.
The specialist noted that markets reacted after U.S. President Donald Trump said negotiations with Iran were on "life support" following the rejection of a diplomatic proposal.
"This scenario drove a 3.67% increase in oil prices and heightened investor concerns over the conflict in the Middle East," he stated.
Huayta said the VIX index, known as Wall Street's "fear index," rose 5.70% during the session, reflecting a greater outflow of capital from risk assets.
