Peru Assets Gain as Central Bank Economist Named Finance Chief
- Appointment of Oscar Graham potentially calming investors
- UBS warns of governability risks with Castillo’s new cabinet
This article is for subscribers only.
Peru’s bonds and currency gained after an economist who spent most of his career at the central bank was sworn in as finance minister, calming the nerves of investors alarmed by recent political turmoil.
The sol appreciated 0.9% in early trading on Wednesday, leading gains among Latin American currencies, and the nation’s dollar bonds due 2072 rose as much as 0.7 cent to trade at 87.8 cents on the dollar, the highest since Jan. 21.