The price of dollar It opened lower in the exchange session this Thursday, October 19, 2023 and was placed at S/3.8683, according to Bloomberg. Which meant a decline of 0.04% compared to Wednesday’s close when it was quoted at S/3.8700—its highest value since February—according to the Central Reserve Bank of Peru (BCRP). So far this year the currency has accumulated a variation of 1.65%.
At 9.50 am The US currency in the parallel market was at S/3.85 for purchase and S/3.87 for sale.. While the reference exchange rate in the banking market reached S/3.7720 for purchases and S/3.9750 for sales at the windows of the Banco de Crédito del Perú (BCP).
He dollar fell against the euro and the yen as the US 10-year bond yield moved away from the 5% level it was approaching, ahead of remarks by Federal Reserve Chairman Jerome Powell in a discussion on the economy, according to the Reuters report.
Higher Treasury yields have increased the relative attractiveness of the US currency since mid-July, with benchmark 10-year yields hitting a 16-year high of 4.983% on Thursday. But the dollar’s rally has largely stalled and the currency has consolidated since the index hit a 10-month high on Oct. 3.
Fed funds futures traders are pricing in a 39% chance that the Fed will raise rates again in December, but see just a 6% chance of a November hike, according to CME Group’s FedWatch tool.
The index of dollar It was last down 0.24% on the day at 106.28. The concerns on the conflict between Hamas and Israel are also a factor that may increase safe haven demand for the US currency. While the euro gained 0.37% to US$1.0577.
With information from Reuters.
Source: Larepublica
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