The price of dollar closed today at S/3.5590, falling 0.42% compared to Thursday’s close, which stood at S/3.5740, according to the Central Reserve Bank of Peru (BCRP). It is the lowest price since September 2020.
Fabiola Gutierrez, Foreign Exchange trader at Renta4 SAB reported that, during the day, the dollar had a bearish behavior due to a local corporate offer, as the deadline for payment of bonuses expires this Saturday, July 15.
“The exchange rate began at a maximum level of S/3.5760, to go back to the minimum of S/3.550 close to the market close. US$328 million were traded in the market at an average price of S/3.5611” , accurate.
At the international level, today the consumer confidence data from the University of Michigan for the month of July was published, resulting in 72.6, better than the 65.5 expected, “which reflects a better expectation of spending, probably due to the inflation data returning to the objective path”, as well as stability in the labor market.
On the other hand, yesterday the informative note of the BCRP monetary program corresponding to July was published, in which it is detailed that the reference interest rate is maintained at 7.75% as well as the reduction in the inflation expectation for this year.
At the close of the market, the specialist explained that the currencies in LATAM were trading mixed and the dollar index was at 99.89 points.
Source: Larepublica
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