Dollar closes down at S/3.6220, its lowest level in more than 26 months

Dollar closes down at S/3.6220, its lowest level in more than 26 months

He dollar exchange rate The exchange session on Tuesday, July 11, 2023, closed downward and was placed at S/3.6220. This is the lowest level recorded since April 12, 2021 when it closed at S/3.6210, according to the Central Reserve Bank of Peru (BCRP).

During the day, the US currency depreciated 0.41% compared to S/3.6370 at the close of Monday. In this way, it achieved an accumulated decline of 4.86% so far this year.

At 2.00 pm the green ticket in the parallel market It was located at S/3,610 for the purchase and S/3,635 for the sale. While the referential exchange rate in the banking market the purchase reached S/3.5900 and S/3,6530 the sale in the Bank of Credit of Peru (BCP).

During the day, the market opened lower due to offshore offers, continuing this trend until closing. Thus, the dollar started at a maximum of S/3.6420 and reached a minimum of S/3.6170, said Fabiola GutiƩrrez, Currency Trader at Renta4 SAB. She added that US$501 million was traded in the market at an average price of S/3.6339.

Today was the statement of James Bullard, president of the Federal Reserve of San Luis. In line with the pronouncement of other members, the tightening of monetary policy is expected to continue as inflation is required to reach around the target level of 2%. Said data for the month of June will be released tomorrow and will be relevant for the decision-making process at the next Fed meeting.

Source: Larepublica

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