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Dollar closes down and is trading at S / 3,898 this Wednesday, August 10

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The exchange rate closed down on Wednesday, August 10, and stands at S/ 3,898. This is a reduction of 0.81% compared to the price of S / 3,930 the day before, reported the Central Reserve Bank of Peru (BCRP).

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In the parallel market, the green ticket is quoted at S/ 3,890 for purchase and S/ 3,930 for sale at the moneychangers of the Ocoña jirón in downtown Lima. While in the main bank windows the reference exchange rate is S/ 3,821 for purchase and S/ 4,001 for sale, according to the BCP.

During the day, the demand came from local banks, while the supply came from non-residents. US$ 275 million were traded in the market at an average rate of S/ 3.8936. The BCRP intervened with Exchange Swaps for sale for S/ 55 million at 3 months with an average rate of 2.74%, explained Allisson Pérez, currency trader at Renta4 SAB

At the local level, the BCRP will have a meeting tomorrow where it is expected to raise its reference rate by 50 basis points, in order to reduce inflation in Peru.

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Globally, the United States published the core CPI data (monthly inflation rate), which was expected to be 0.5% and 0.3% was obtained, less than expected. For this reason, the markets think that after this data the Federal Reserve (FED) will be less aggressive in its next meetings, which causes the dollar to weaken.

Source: Larepublica

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