Sol Continues To Slide

Meanwhile, Peru’s currency — the sol — continues to slide for the third month in a row and has become the worst performer among Latin American currencies. The sol traded at 3.3785 per dollar as at 31 October, down from 3.2575 on 26 August, a drop of 3.6% Analysts say that low local yields have led large institutional investors to switch from local paper to US-denominated assets in search of higher returns.