LIMA, Dec 21 (Reuters) - Peru’s sol currency opened 0.34 percent weaker against the dollar on Thursday after President Pedro Pablo Kuczynski signaled his government would trigger fresh general elections if Congress ousts him in a vote.
The rightwing populist party that controls Congress hopes to remove Kuczynski from office with a motion on Thursday on grounds he is “morally unfit” to govern, after finding he once had business connections with a company at the center of Latin America’s biggest graft scandal.
Many of Kuczynski’s supporters favor forcing new elections to punish lawmakers if they oust him. But investors worry anti-establishment candidates would be swept into power in a fresh ballot as a graft scandal roils the country. (Reporting By Teresa Cespedes, Writing By Mitra Taj Editing by Chizu Nomiyama)