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Price of the dollar hits a two-month high and closes at S / 3.9410

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The dollar, after six consecutive days on the rise, closed yesterday at S/3.9410, its highest level in more than two months, since July 13 when it was quoted at S/3.955, according to the Central Reserve Bank of Peru ( BCRP).

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During the exchange session, the issuing entity intervened by placing S/824 million in foreign exchange swaps for sale at 9 months with an average rate of 3.85%. While US$214 million were traded on the market at an average price of S/3.9396.

“The dollar gained positions globally as the Federal Open Market Committee (FOMC) maintains its focus on combating inflation. While the Federal Reserve (Fed) promised to carry out its rate increase cycle for the rest of the year,” said Gianina Villavicencio, manager of Foreign Exchange Brokerage at Renta 4 SAB Peru.

On the other hand, Omar Azañedo, CEO of Noncash, stressed that, although the sol is one of the strongest currencies in the world against the dollar, its price is still in crisis. In that sense, he mentions that in the coming months it is very likely that the greenback will continue its upward trend.

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“We are going to have a dollar that is much more likely to rise, because a dollar close to S / 3.80 is still a crisis, which in the face of any negative news goes up,” he commented.

european coins

yesterday tooThe British pound fell to a lowest value since 1971 against the dollar and opened down -2.09% to $1.0568.

Similarly, the euro at its lowest point was placed at US$0.9551, although it recovered again and, after 10 am (8 GMT), was trading at US$0.9674.

BVL closed in red and lost -1.24%

The Lima Stock Exchange closed yesterday with 14 indicators down and 2 with gains.

Thus, the S&P/BVL Peru General Index fell -1.24%, and the S&P/BVL Peru Selective Index fell -0.95%. The financial sector led the fall with a contraction of -3.51%.

Infographic-The Republic

Source: Larepublica

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