The US currency falls 10 basis points against an increasingly stronger Peruvian sol, after the exchange rate stood at S/3.7120 the day before. Meanwhile, the Fed raised its rates by 0.25 points, its highest level since 2007.
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The exchange rate of the dollar it closed lower this Wednesday, May 3, and was located at S/3.7110, according to the official marker of the Central Reserve Bank (BCRP).
In this way, the US currency falls 10 basis points against an increasingly stronger Peruvian sol, after the exchange rate stood at S/3.7120 the day before.
During the day, the offer came from the offshore market and the demand for currency swap maturities sold for S/200 million, which were not renewed. The dollar reached a minimum level of S/3.7010, negotiating in the market US$ 409 million at an average price of S/3.7050.
“Globally, the dollar continued to lose positions at the opening due to the uncertainty of a FED rate hike today,” explained Gianina Villavicencio, manager of Foreign Exchange Trading at Renta4 SAB.
At the international level, at the close of the market the FED announced the rate hike by 25 basis points, leading to the new range that goes from 5% to 5.25%, the highest level since 2007. The DXY trading at 101.17 (falling 0.55%).
This is its highest level since 2007, which occurred during the so-called cycle of monetary contraction that overwhelmed the country between 2004 and the year in question.
Source: Larepublica
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