Exchange rate: dollar closes higher and is trading at S/3,725 this Wednesday, August 16

Exchange rate: dollar closes higher and is trading at S/3,725 this Wednesday, August 16

The exchange rate of the dollar closed the day of this Wednesday, August 16, up and was located at S/3.7250, which represents an advance of 0.24% compared to the close of Tuesday, when the US currency had a value of S/3.716, according to official information from the Central Reserve Bank of Peru (BCRP).

In it parallel market, the dollar was located at S/3.69 for the purchase and S/3.72 for the sale. While the referential exchange rate in the banking market The purchase was S/3,674 and the sale was S/3,760 at the Banco de Crédito del Perú (BCP).

The variation of the US currency occurs after it was known that the peruvian economy It had a 0.45% drop in the first half of 2023, driven by poor performance in the construction, manufacturing, as well as agriculture and fishing sectors.

At the international level, the markets are waiting for the publication of the minutes of the meeting of the Federal Reserve of the United States (fed), which would give information about your labor analysis and if you see a possible cooling. This situation caused the euro to depreciate to the level of US$1.09.

Allisson Pérez, Foreign Exchange trader at Renta4 SAB explained that, despite the fact that the dollar started the day with a slight drop due to the supply of corporates during the session, the exchange rate appreciated due to the demand of non-residents, reaching a maximum price of S/3.7240. Likewise, he explained that US$302 million was negotiated in the market.

“Globally, we continue to see a stronger dollar quoting the Dollar Index (DXY) at 103.32. Following positive data in the last week in USAthe yield on treasury bonds has risen, further benefiting the US foreign currency,” the expert emphasized.

Source: Larepublica

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