LIMA (Dow Jones)--The Central Reserve Bank of Peru intervened Wednesday in the foreign exchange market to buy $493.5 million.
The central bank has been purchasing dollars regularly since June 18, intervening to smooth out volatility in the exchange market.
From June 18 to July 8, the central bank purchased $1.12 billion. It bought another $12 million on July 9 and then didn't intervene to purchase dollars until Wednesday.
On Wednesday the sol ended slightly weaker at PEN2.823 per dollar. It closed the previous day at PEN2.816.
Dollar weakens rapidly.......
The central bank has been purchasing dollars regularly since June 18, intervening to smooth out volatility in the exchange market.
From June 18 to July 8, the central bank purchased $1.12 billion. It bought another $12 million on July 9 and then didn't intervene to purchase dollars until Wednesday.
On Wednesday the sol ended slightly weaker at PEN2.823 per dollar. It closed the previous day at PEN2.816.
Dollar weakens rapidly.......