The price of dollar The day began with a slight decline this Monday, September 18 and reached S/3.7133, according to the Bloomberg agency. In this way, it fell 0.13% compared to S/3.7180 at the close of Friday, according to the report from the Central Reserve Bank of Peru (BCRP). So far this year the currency has accumulated a decline of -2.34%.
At 9.50 am the greenback in the parallel market was trading at S/3.69 for purchase and S/3.72 for sale. For its part, in the banking market it reached S/3,663 in purchases and S/3,757 in sales at the windows of the Banco de Crédito del Perú (BCP).
The world’s central banks are in an essential position: five of those who oversee the 10 most traded currencies will have meetings to set interest rates this week. A number of central banks from emerging markets such as Turkey and South Africa will also meet, according to Reuters.
Markets are already pricing in a second consecutive pause from the Federal Reserve (FED) for Wednesday, September 20, and its target range is expected to remain unchanged between 5.25% and 5.5%, so the focus will be on updated economic and rate projections. They anticipate about 80 basis points of cuts next year.
In the currency markets, the dollar fell and the dollar index fell slightly to 105.24, but within sight of recent six-month highs. The euro gained about 0.1% to $1.0663, after falling to a three-month low. and a half of US$1.0632 last week when the European Central Bank signaled that its rate hikes might be over.
Against the yen, the dollar also depreciated slightly, to 147.59. The price of gold rose 0.15% to US$1,925.60 an ounce.
With information from Reuters.
Source: Larepublica
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