He dollar it closed at its lowest level in almost three years this Wednesday, July 12, 2023 and was placed at S/3.5820. This low price has not been seen since November 2020, according to the Central Reserve Bank of Peru (BCRP).
During the day, the US currency depreciated 1.10% compared to S/3.6220 at the close of Tuesday. Thus, it has fallen 5.91% so far this year.
At 1.50 p.m. the North American currency in the parallel market was trading at S/3.58 for the purchase and S/3.61 for the sale. For its part, in the banking market it was bought at S/3.4910 and sold at S/3.6720 at the windows of Banco de Crédito del Perú (BCP).
According to Fabiola Gutierrez, Foreign Exchange trader at Renta4 SAB, during the day the market pushed downwards due to local and offshore offers, maintaining said trend at the close. Thus, the dollar had a maximum of S/3.6030 and reached a minimum of S/3.5700.
US$230 million were negotiated in the market at an average price of S/3.5876. While the dollar index was trading at 100.55 at the close of the market.
Today it was known that the inflation of USA for the month of June it reached 3%, being slightly lower than expected: 3.10%. In this way, it returned to levels similar to the pre-pandemic period. This has led to a readjustment of expectations regarding the monetary policy that the Federal Reserve (Fed) will establish and whether the cycle of interest rate hikes has concluded.
The next Fed meeting is scheduled for on wednesday july 26. The new requests for subsidies will be published tomorrow, which will give signals about the stability of the US labor market, Gutierrez reported.
Source: Larepublica
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