Exchange rate: dollar begins May downwards and stands at S/3.7025 this Tuesday the 2nd

Exchange rate: dollar begins May downwards and stands at S/3.7025 this Tuesday the 2nd

The dollar exchange rate began to drop this Tuesday, May 2, and was around S/3.7025, according to Bloomberg’s international currency listing portal.

On the last exchange date, corresponding to Friday, April 28, the North American currency began its career above S/3.7240 and then progressed to S/3.7100 from the official closing of the Central Reserve Bank (BCRP).

This occurs after President Dina Boluarte guaranteed continuity in the defense of workers’ rights, regarding the celebrations for Labor Day. In addition, it was learned that annual inflation dropped to 7.97% in Lima, but it would reach the target range next year.

At the international level, an Oxfam report revealed that real salaries in the world fell more than 3% in 2022, while those corresponding to executive positions rose 9%.

The price of copper, Peru’s main export metal, hit a one-week high and rose 0.3% to US$8,619 a tonne at 1100 GMT (08:00 am Peruvian time) after hitting US$8,714. its highest level since April 25.

Finally, the price of Texas intermediate oil (WTI) opened this Tuesday with a drop of 0.71%, up to US$ 75.12 a barrel, with investors awaiting the meeting of the US Federal Reserve. ., which will conclude tomorrow, and still digesting recent Chinese manufacturing data.

Source: Larepublica

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