The price of the dollar closed higher in the session of this Wednesday, July 19, 2023 and was placed at S/3.5810, which meant an advance of 0.22% compared to the close of Tuesday when it was listed at S/3.5730, according to the Central Reserve Bank of Peru (BCRP). So far this year, the currency presents an accumulated variation of -6.15%.
At 1.50 p.m. the green ticket in the parallel market was quoted at S/3.56 for the purchase and S/3.59 for the sale. While the referential exchange rate in the banking market reached S/3.4880 for the purchase and S/3.6740 for the sale in the Credit Bank of Peru (BCP).
According to Allisson Pérez, Foreign Exchange trader at Renta4 SAB, during the day the dollar appreciated due to the political uncertainty due to the national march announced for this Wednesday, July 19, which demands the resignation of President Dina Boluarte, which made the dollar reach a maximum level of S/3.5900.
On the other hand, the offer came from the intervention of the BCR with Exchange Swaps Sale for S/200 million at 3 months, making the dollar go back a bit and reach a minimum level of S/3.5650. US$187 million was negotiated in the market at an average price of S/3.5802.
Globally, the dollar It is trading above 100.00, despite US data such as IEA Building Permits and Crude Oil Inventories coming out less than expected, but levels are still quite high. Similarly, investors are waiting for the meeting of the Federal Reserve (FED) that will be next week and will give news on the interest rate.
According to Reuters, most Latin American currencies were subdued as the dollar regained some of the ground lost on Wednesday, while the Peruvian sol remained under pressure ahead of this week’s anti-government protests.
“Peru’s sol fell 0.4%, down for three days, as security measures were tightened in the capital city of Lima, with metal bars in front of the main public buildings. This comes after new protests calling for the resignation of President Dina Boluarte and the closure of Congress. The currency was also affected by lower copper prices,” it reported.
Source: Larepublica
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