He dollar It closed with a slight increase on Wednesday, November 29, and stood at S/3.7300, which meant an advance of 0.03% compared to Tuesday’s close when it was quoted at S/3.7290, according to the Central Reserve Bank of Peru (BCRP). So far this year the currency has accumulated a variation of -2.02%.
At 2.00 pm the US currency In the parallel market it was quoted at S/3.72 for the purchase and S/3.74 for the sale. While in the banking market the purchase reached S/3.6290 and the sale reached S/3.8300 at the windows of the Banco de Crédito del Perú (BCP).
The index of dollar The U.S. dollar hit a 3-1/2-month low and was headed for its biggest monthly drop in a year, as investors took the view that growth in the world’s largest economy is starting to slow and the market begins to price in a rate cut for the first half of the year, according to a Reuters report.
After the Fed’s comment that rate cuts could be considered if inflation continues to retreat, US Treasury yields fell and the benchmark 10-year bond fell 6 basis points to 4.328%, from 4.388% on Monday.
In foreign currency, The dollar index fell 0.368%, and the euro rose 0.32% to US$1.0988. The Japanese yen strengthened 0.82% against the dollar to 147.47 per dollar, while the British pound last traded at US$1.2694, up 0.55% on the day.
With some encouragement from the weakness of the dollar, Spot gold prices rose 1.4% to $2,040.79 an ounce after hitting their highest level since May in their fourth consecutive gain.
Oil prices rose on Tuesday on the prospect of OPEC+ extending or deepening supply cuts, a storm-related drop in Kazakhstan’s oil production and the dollar weaker American. US crude oil rose 2.07% to US$76.41 per barrel and Brent closed at US$81.68, up 2.13% on the day.
With information from Reuters.
Source: Larepublica
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