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Marco Merino, head of FX trading at Banco de Crédito (BCP), discusses the state of Peru's FX market in an interview with The TRADE. He says more Peruvian participants are moving to electronic trading, and that USD/PEN is lagging other currencies in electronic liquidity.
BCP has streamed 1-month USD/PEN NDF prices for about three years.
This is market-structure commentary rather than a new price driver, so it has no clear direct effect on feed commodity prices. Greater USD/PEN liquidity could gradually make the sol's pricing more transparent for importers.
thetradenews.comWesley BrayFeb 29, 2024Not 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.
