The exchange rate of dollar It started downwards this Monday, September 11 and stood at S/3.7061, according to preliminary data from the Bloomberg international currency exchange portal.
In the previous session on Friday, the global currency had started its career around S/3.7115 and then progressed to S/3.7160 at the official closing set by the Central Reserve Bank (BCRP).
At the local level, the Ministry of Economy and Finance (MEF) maintained that the Government’s tax revenue at the end of 2023 would amount to S/206,492 million, which would imply a contraction of 6.3% in real terms compared to the previous year.
In addition, it was known that the caloric deficit – which measures the percentage of people affected by the lack of food – reached 35.4% of children and adolescents nationwide, increasing by close to 7% compared to the same period in 2019 (28, 8%), according to data from the INEI at the end of the second quarter of 2023.
Internationally, China emerged from deflation after a spike in prices in August. This index, the main indicator of inflation, stood at +0.1% year-on-year that month, the National Statistics Office (ONE) said on Saturday.
Other data released on Monday showed that Chinese banks made 1.36 trillion yuan ($186.18 billion) in new yuan loans in August, a sharp increase from July and exceeding analysts’ expectations.
In the United States, the FED is expected to keep the interest rate unchanged in a channel between 5.25 and 5.5%, during the next monetary policy meeting on September 20. This Wednesday the inflation data in the North American country will be known.
That is why Wall Street rebounded this Monday after ending a week of losses, in which the Dow Jones fell 0.75%, the S&P 500 fell 1.29% and the Nasdaq fell 1.93%, after learning of a stronger than expected ISM services, which revived fears that North American banks have not put an end to their adjustment cycle.
Source: Larepublica
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