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Tuesday, 26 June 2012

2012.06.26 14:11:00 MARKET TALK: Inflows Seen Aiding Strong Exchange Rate in Peru

8:10 EDT - Foreign direct investment into Peru should help support a strong exchange rate there, says RBS. It remains upbeat about the country as economic growth remains "strong...despite external volatility" while President Humala "remains committed to responsible economic policy. Evidence that the Minas Conga project could finally start moving forward is also favorable and support expectations for foreign direct investment to remain an important driver of economic growth and dollar inflows that support the strong exchange rate." (robert.kozak@dowjones.com)

(END) Dow Jones Newswires

June 26, 2012 08:11 ET (12:11 GMT)

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