The greenback advanced ahead of the Federal Reserve rate decision as traded volume reached $361 million.
The US dollar closed at 3.3810 Peruvian soles on 14 September 2026, marking one of its largest daily gains against the sol in recent weeks amid stronger demand for the currency. During the session, the exchange rate fluctuated between PEN 3.3760 and PEN 3.3840, reaching an average price of PEN 3.3798.
Trading volume reached $361 million in the Peruvian market, where foreign investor dollar purchases exerted upward pressure. Local corporate supply partially mitigated the move, alongside maturities of foreign exchange purchase swaps totaling PEN 400 million. Jorge Luis Huayta, FX trader at Kambista, noted that the central bank policy rate at 4.25%, an expanding trade surplus, and record agricultural shipments continue to support the sol.
Globally, the US Dollar Index (DXY) rose 0.44% during the session before trading at 99.11, up 0.28%. Investors adjusted positions two days before the Federal Reserve meeting on 16 September, where markets assign an 87% probability to a 25 basis point interest rate hike. Energy prices also supported the dollar, with Brent crude holding above $106 per barrel despite easing gains after comments by Donald Trump regarding a potential deal with Iran.
Share prices can rise and fall. Past performance does not guarantee future results. This article is news, not investment advice.
Newsletter
Markets in your inbox, weekly
LATAM-focused analysis, investing ideas, and the week in finance.
Keep reading