He dollar price The exchange session on Wednesday, May 10, 2023, began downwards and stood at S/3.6842, according to Bloomberg. This represented a decline of 0.24% compared to S/3.6930 —its lowest value in a year— reported at the close of the day before by the Central Reserve Bank of Peru (BCRP). So far in 2023, the currency accumulates a variation of -2.99%.
At 9.50 am the US currency in the parallel market It was quoted at S/3.67 for the purchase and S/3.70 for the sale. While the reference exchange rate in the exchange market the purchase was S/3,592 and the sale was S/ 3,778 at the windows of the Banco de Crédito del Perú (BCP).
Latin American currencies gained on Wednesday May 10 against a weakening dollar after data showed lower than expected values in the United States, inflation raised bets for a pause in rate hikes from the Federal Reserve (Fed). The MSCI Latin American currency index was up 0.8% at 13:55 GMT, following the broader market rally, according to the Reuters report.
“The general message is that headline inflation is slowing and that should give the FOMC (Federal Open Market Committee) reason to hold (US) interest rates unchanged when it meets on June 14,” said Daniel Casali, chief investment strategist at wealth manager Evelyn Partners.
With information from Reuters.
Source: Larepublica
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