Left-wing congressman Roberto Sánchez has secured second place in Peru's presidential election, with 93.48% of ballots counted, and will face right-wing veteran Keiko Fujimori in a June 7 runoff. Sánchez, a former trade minister under the ousted President Pedro Castillo (who governed 2021–2022 before being removed following a self-coup attempt), has pledged to draft a new constitution and promised to pardon Castillo if elected — a prospect that unnerved financial markets, pushing the sol from 3.39 to 3.43 per dollar. Seeking to calm investors, Sánchez dismissed accusations of radicalism, ruling out any expropriations and condemning what he called deliberate "financial panic" spread by economic elites, while EU electoral observers deployed 150 monitors and found no evidence of the irregularities alleged by his far-right rival Rafael López Aliaga, who trails Sánchez by a narrow margin of roughly 13,000 votes still subject to review.