The exchange rate of the dollar It started stable this Tuesday, March 7, and was around S/3.7784, according to the Bloomberg currency listing portal.
In the previous day, the North American currency began at S/3.7785 and then progressed to S/3.7860 at the close reported by the Central Reserve Bank (BCRP).
This occurs while the head of the BCRP, Julio Velarde, estimates that there is still space to raise the reference rate, currently located at 7.75%, in order to contain inflation.
During Peru Day at the PDAC 2023 mining convention, Velarde said that the GDP in January fell more than 4% due to social protests, a drop that even reached 14% last December. Therefore, it could affect the recovery forecasts for the end of the year.
Abroad, the three-month copper price on the London Metal Exchange (LME) was down 0.6% at $8,867 a tonne at 10:59 GMT, after falling 0.7% on Monday.
The value of a barrel of WTI crude oil opened this Tuesday with a drop of 0.81%, up to US$79.81, while an intervention by the president of the US Federal Reserve (Fed), Jerome Powell, is awaited before a Senate commission in which it is expected to address the rise in interest rates.
Source: Larepublica
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