The price of dollar It opened the day of this Wednesday, October 18, 2023 higher and stood at S/3.8608, according to Bloomberg. This means an advance of 0.10% compared to the previous day’s close when it was quoted at S/3.8570, according to the Central Reserve Bank of Peru (BCRP). So far this year it has accumulated a variation of 1.31%.
At 9.30 am The US currency in the parallel market was at S/3.84 for purchase and S/3.86 for sale. While in the banking market the purchase reached S/3,848 and the sale reached S/3,875 in the Banco de Crédito del Perú (BCP).
The dollar rose against the euro on Wednesday before several Federal Reserve officials spoke and as investors watched the war between Hamas and Israel for signs of escalation, according to Reuters reporting.
The currency has benefited from expectations that the US central bank will keep rates higher for longer as it struggles to bring inflation closer to its 2% annual target. Since mid-July, the benchmark 10-year Treasury yield has risen about 100 basis points and the dollar has risen around 7%.
Fed funds futures traders are pricing in a 40% chance that the Federal Reserve could raise rates again by the end of the year, but just an 11% chance of an increase next month, according to the CME Group’s FedWatch tool. .
The index of dollar It was last up 0.15% on the day at 106.37. It remains below the level of 107.34 reached on October 3, the highest since November 2022.
The euro fell 0.23% to US$1.0552. It is above US$1.0448 on October 3, the lowest level since December 2022. The dollar is also benefiting from safe-haven demand amid concerns over the conflict in the Middle East.
The pound sterling fell after a brief rebound when British consumer price inflation (CPI) unexpectedly stood at 6.7% in September, remaining the highest of any major advanced economy and keeping alive the possibility of another rate hike. interest. The pound last fell 0.13% to $1.2168.
While the yen rose slightly to 149.70 per dollar. The Bank of Japan unexpectedly announced a $2 billion bond purchase on Wednesday to maintain downward pressure on yields.
With information from Reuters.
Source: Larepublica
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