UPDATE 4-Peru currency hits record low, bonds fall as new cabinet announced
Published on: Friday 30 July 2021
Peru's currency tumbled to a record low on its largest daily decline in over seven years after President Pedro Castillo appointed a member of his Marxist party as prime minister and did not yet name a finance minister, leaving the direction of policy and the economy uncertain. The 2060 bond issue was down 1.3 cents on the dollar to trade at 89 cents, the 2032 bond fell 1 cent and its century bond was down 2.4 cents, Refinitiv data showed. The benchmark stock index dropped 2.9% in morning trading and is on track to close at its lowest since November.
