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Barclays raised its year-end forecast for the Peruvian sol to 3.30 per US dollar, citing preliminary results from the presidential runoff that point to a likely win for Keiko Fujimori. Markets are pricing a high probability of her eventual victory, reflected in recent sol strength and central bank dollar purchases.
Barclays expects the sol to rally toward 3.30 by year-end once political uncertainty fades.
A stronger sol reduces the local-currency cost of Peruvian exports and supports Peru's economy, but a late reversal toward Sánchez could weaken the sol and raise policy uncertainty. Peru's anchovy and fishmeal supply is affected by the political backdrop, though the sol move itself has little direct effect on feed commodity prices.
ph.investing.comJaiveer ShekhawatJun 25, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
