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Tuesday, October 4, 2022

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Price of the dollar closes down and stands at S / 3.8520

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The price of the dollar closed down on Friday, August 12, and stood at S/ 3.8520. In this way, it fell -0.54% compared to Thursday’s close when it reached S / 3.8730, according to the Central Reserve Bank of Peru (BCRP).

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At 1:50 pm, the greenback on the parallel market was trading at S/ 3,830 for purchase and S/ 3,880 for sale. Meanwhile, in the banking market it was bought at S/ 3,771 and sold at S/ 3,951 at the windows of Banco de Credito del Peru.

Today’s session began with the opening of the market at S/ 3.8800; however, the large supply of non-residents and corporations, plus the dynamics of risk management at the average exchange rate of local banks caused the drop, according to Allisson Pérez, Currency Trader at Renta4 SAB.

US$ 216 million were traded in the market at an average price of S/ 3.8567.

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The BCRP yesterday raised the reference interest rate by 50 basis points to 6.50%, the next meeting will be on September 8, 2022 to assess whether it is maintained or varies.

“Inflation figures in the US were below expectations, which boosted riskier assets and weakened the dollar (DXY), on the other hand, the FED made it clear that they will continue to tighten monetary policy and that there would be another possibility increase in the reference rate by 75 basic points”, commented Pérez.

Source: Larepublica

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