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Price of the dollar falls and closes at S / 3.8730 this Thursday, August 11

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The price of the dollar closed lower on Thursday, August 11, and stood at S/ 3.8730. In this way, it fell -0.64% compared to the close of Wednesday when it reached S / 3.8980, as reported by the Central Reserve Bank of Peru (BCRP).

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At 2:00 pm, the greenback in the parallel market was trading at S/ 3,860 for purchase and S/ 3,900 for sale. For its part, in the banking market it was bought at S/ 3,796 and sold at S/ 3,976 at the Banco de Credito del Peru windows.

According to Allisson Pérez, Currency Trader at Renta4 SAB, during the day, the demand came from local banks, while the offer came from non-residents. US$ 209 million were traded in the market at an average rate of S/ 3.8830.

LATAM currencies are mixed with the dollar index trading (DXY) at 105.14.

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At the local level, local markets are waiting for the BCRP meeting that will take place today in the afternoon, which projects a possible rise in the Reference interest rate, Pérez said.

In addition, he added that at a global level, there are still expectations that the US FED will not be as aggressive with the interest rate hike in its next meetings, since US inflation was not as high as expected. “This information makes the dollar weaken. One of the currencies that has benefited from the fall of the USD is the EUR”, he commented.

Source: Larepublica

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