The exchange rate of the dollar closed lower this Tuesday, December 13 and was located around S/ 3.8310, as reported by the Central Reserve Bank of Peru (BCRP).
The North American currency closed the previous session on Monday at S/ 3.8410 and then progressed to S/ 3.8250 this morning, on the second day of trading for the currency since the violent protests began throughout the country over the closing of the Congress.
With this, the dollar falls 0.26% on a date in which the offer came from local corporations for payment of bonuses, reaching the dollar at a minimum level of S/ 3.8240. US$ 177 million were negotiated in the market at an average price of S/ 3.8286.
Gianina Villavicencio, manager of Foreign Exchange Brokerage at Renta4 SAB, reported that on Tuesday’s session, 1-week currency Repos were placed for S/ 300 million at an average rate of 7.94% and foreign exchange swaps for sale for S/ 40 million at 3 months with an average rate of 4.52%.
At the international level, the US Consumer Price Index (CPI) barely rose in monthly terms in November, giving rise to the smallest annual increase in inflation in almost a year, which could give the Fed arguments to start reduce the size of its interest rate hikes this Wednesday.
For its part, S&P affirmed Peru’s rating at BBB, while lowering its outlook from stable to negative, arguing that it reflects the risk of the sovereign’s solvency due to the prolonged political stalemate and the difficult relationship between the executive and country’s legislature.
Source: Larepublica
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