The exchange rate of the dollar It started rising this Wednesday, August 9, and was located around S/3.6909, according to preliminary data from the Bloomberg international currency listing portal.
The day before, the North American currency had started its career at S/3.7010 and then progressed to S/3.7020 at the official close set by the Central Reserve Bank (BCRP).
At the local level, the BCP revised downward its growth estimates for the Peruvian economy from 1.7% to 1.1% in 2023, in line with the decline in recovery hopes of the Ministry of Economy and Finance (MEF), which weighed down up to 1.5% for the present exercise.
On the international scene, the National Institute of Statistics (INE) of Chile reported that, in July 2023, the Consumer Price Index (CPI) registered a monthly variation of 0.4%, accumulating an increase of 2.5% to the seventh month of the year.
On the other hand, rice prices in Asia are at almost 15-year highs due to widespread concerns about global supplies and a possible drought that would affect supplies from Thailand.
In addition, oil hit new highs on Wednesday, as lower supply from Saudi and Russian output cuts offset concerns about sluggish Chinese demand and a report showing rising US crude inventories.
US West Texas Intermediate (WTI) gained 93 cents, or 1.13%, to settle at $83.86, after trading at $83.91, its highest since November 2022.
Source: Larepublica
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