Dollar falls to S / 4,012 and the Stock Market won after consecutive losses

Yesterday, at the end of the first week of November, the dollar fell slightly to S / 4,012, according to the Central Reserve Bank.

Despite this slight decrease, the “greenback” appreciated 0.5% since October 29, when the currency reached S / 3,992.

Jorge Luis Ojeda placeholder image, an expert in finance, said that the vote of confidence that Congress gave to the Vásquez cabinet puts lukewarm cloths on the uncertainty that had been generated in the market.

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“Let’s hope that in the coming weeks the cabinet with the confidence already given will carry out its work that we all hope. Beyond the uncertainty or the political problems, we already have to see concrete results ”, said the specialist.

The Central Reserve Bank of Peru (BCRP) estimates in its recent survey of macroeconomic expectations that the exchange rate will close the year between S / 4.00 and S / 4.05.

Omar Azañedo, CEO of noncash.pe, supported these projections, although it affirmed that the dynamics of the markets will not return to its best level, therefore it foresees a “green ticket” with a possible upward trend before various factors.

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“I think the exchange rate will be trading around S / 4.00 with many upward probabilities in the face of any problem or crisis, be it political or global,” said the expert.

Diego Llona, director of FTB.pe, clarified that external factors are related to the recent announcement of the United States Federal Reserve to reduce its monetary support from this month in view of the progress of the economy.

“The FED announced the start of tapering. This was already expected and that could sustain the rise of the dollar, “he warned.

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On the other hand, the Lima Stock Exchange closed with the S&P Peru General at 0.82% or 20,420.1 integers. Ojeda assured that “the stock market is adjusting, but it also responds to the moment of calm that will be experienced in the coming weeks,” Ojeda said.

The data

Intervention. The Central Bank sold US $ 620 million between October 29 and November 5 to reduce exchange rate volatility.

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