He dollar price closed the exchange session on Thursday, June 1, 2023, and was placed at S/3.6980, which meant an advance of 0.74% compared to the close of Wednesday when it was listed at S/3.6710, according to he Central Reserve Bank of Peru (BCRP)So far this year, it presented an accumulated variation of -3.57%.
At 1:50 pm, the green ticket in the parallel market was trading at S/3,670 for purchase and S/3,700 for sale. While the referential exchange rate in the banking market reached S/3.6630 for purchase and S/3.7300 for sale in the Credit Bank of Peru (BCP).
During the day, the demand came from the off shore market and local corporations, with the dollar reaching a maximum level of S/3.7000. US$319 million were negotiated in the market at an average price of S/3.6803, according to Gianina Villavicencio, manager of Foreign Exchange Brokerage at Renta4 SAB. Likewise, there was expiration of exchange swaps for sale for S/700 million. S/1,300 Million were placed in Exchange Swaps and S/500 Million in Currency Repo.
Annualized inflation in Peru slowed down in May for the fourth consecutive month and fell to 7.9% in Metropolitan Lima, the lowest recorded in the last 14 months. Thus, the BCRP expects a moderation of annual inflation and a return to its range target of between 1% and 3% by the end of the year, due to a projected decline in world food and energy prices. Internationally, tomorrow is a key date, as the employment report will be published in the United States, which could support the decision of the Federal Reserve (FED) to raise interest rates.
Source: Larepublica
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