The price of the dollar closed lower and stood at S / 3.9980 in the operations of the Tuesday, November 16. The greenback started the day at S / 3,9984 as reported by the Central Reserve Bank of Peru (BCRP).
The currency appreciated 0.08%, compared to the session on Monday, November 15, when it reached S / 3.9950. Despite this, the greenback continues below the threshold of S / 4.00 for the second consecutive session.
Meanwhile, the purchase in the parallel market was located at S / 4.00 and the sale at S / 4.02. As for the price of the interbank dollar, it is situated at the purchase of S / 3.997 and the sale of S / 4.03.
This occurs after the president of the BCRP, Julio Velarde, indicated during his presentation at CADE Executives 2021, that the inflation It will continue to affect Peruvians until the first or second quarter of 2022. Therefore, it will be one of the most important challenges for the Government “for a good part of next year”, in what it considered an international phenomenon “not so difficult to control.” .
“The highest inflation has been in food and energy and it hurts the poorest, but it responds to external factors. Even if the BCRP raises the interest rate to 500%, the price of oil is not going to fall ”, he explained.
On the international scene, the dollar extended its gains after hitting a 16-month high against other fundamental currencies thanks to strong retail sales data in USA they eased concerns about the world economy.
The dollar index was up 0.31% to 95.701.
Meanwhile, Wall Street banks have begun publishing their late 2022 forecasts for the dollar.
Thus, Barclays expects a modest depreciation of the safe haven currency over the next year. While Morgan Stanley predicts a bullish and bearish profile for the greenback. For its part, Goldman Sachs also expects a decline in the currency. Finally, JP Morgan “the divergence of monetary policy continues to be an issue for some pairs.