The exchange rate of the dollar It started stable on the morning of this Wednesday, March 22, and was around S/3.7727, according to the Bloomberg foreign exchange listing portal.
In the previous day, the greenback had started its career at S/3.7710, and then progressed to S/3.7750 at the close set by the Central Reserve Bank (BCRP) board.
At the local level, the Constitutional Court (TC) resolved by majority the claim of unconstitutionality raised by the Executive Power against the Congress of the Republic, in relation to Law 31173, which guarantees compliance with Law 29625, on the return of money from the Fonavi to the workers. The magistrates decided that the fonavistas should only receive the contributions they made, but not those of their employers.
At the international level, the United States Federal Reserve is expected to increase interest rates by a quarter of a point on Wednesday, with the difficult task of guaranteeing the markets that this measure will not aggravate the instability that the banking system is currently experiencing. .
Federal regulators stepped up to guarantee deposits at Silicon Valley Bank and Signature Bank, which failed two weeks ago, and provided more favorable loans to banks for periods of up to a year.
Meanwhile, Goldman Sachs expects a China-led commodity supercycle and capital flight from energy and investment markets this month, following concerns sparked by the banking sector, the US bank’s commodity chief said.
Source: Larepublica
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