Final answer:
The statement is false; the Peru or Humboldt Current is actually located in the Pacific Ocean and influences the western coast of South America.
Step-by-step explanation:
The statement that the Peru, or Humboldt, current is in the Atlantic Ocean is false. The Humboldt Current, also known as the Peru Current, is a cold ocean current that flows northward along the western coast of South America, in the Pacific Ocean, starting from the southern tip of Chile and moving up to the northern part of Peru.
This current has a significant effect on the climate and ecosystem of the region, such as contributing to the aridity of the Atacama Desert and providing nutrient-rich waters that support a diverse marine life.