Peru's Sol drops amid reserve requirements

The Peruvian currency depreciated on Wednesday extending its losing streak to the biggest drop in one quarter since 2008 after the nation's central bank raised requirements of bank reserves in order to prevent the local currency from the U.S. Dollar inflows. The Peru's Sol dropped by 0.1% to 2.59 per U.S. Dollar on Wednesday and it lost 1.4% in the last three months.