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International briefs: Peru

OLLANTA Humala appeared within striking distance of victory in Peru's presidential election yesterday.
By The Newsroom
Published 4th Jun 2011, 12:40 BST
Updated 4th Jun 2011, 19:32 BST

Two polls showed Humala leading by between 1 and 3.6 per cent going into today's election run-off, while another gave his right-wing rival, lawmaker Keiko Fujimori, a 1.2 point lead.

Peru's stocks and currency have swung wildly as Humala narrowed in on, and even edged ahead of, market-favourite Fujimori in various polls - all of which show technical ties.

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Investors worry a victorious Humala will implement interventionist policies, boost social spending and undermine fiscal stability in one of the world's fastest-growing economies. Peru has grown nearly as fast as China over the past few years.