Skip to content
Subscriber Only

Peru Sol Drops Most in Two Years as Presidential Race Tightens

  • Currency declines after first monthly gain in almost two years
  • Poll shows Veronika Mendoza is gaining voters' support
Updated on

The Peruvian sol declined the most in two years and shares fell as the nation’s presidential race tightened before the April 10 first-round election.

Peru’s currency weakened 1.1 percent to 3.347 per dollar, posting the biggest decline since August 2013, after a new poll showed Veronika Mendoza in a statistical tie for second-place with Pedro Pablo Kuczynski. The sol strengthened 6.4 percent in March, the first increase in 22 months. The country’s benchmark stock index, the world’s top performer this year, fell 1 percent as of 3:10 p.m. in New York.