Peru Sol Posts Biggest Weekly Gain Since 2009 as Copper Climbs
- Copper rises to its highest level in almost four months
- Sol fell to 13-Year low last month after copper slumped
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Peru’s currency posted its strongest weekly advance since May 2009 amid a broad rally in emerging-market assets and a rebound in copper, the South American country’s biggest export.
The sol rose 0.1 percent to 3.447 per U.S. dollar at the close of trading, extending the week’s advance to 1.8 percent, according to Datatec prices. The currency earlier gained as much as 1.1% in trading on Friday. The central bank sold $30 million in the currency market.