The dollar closed the day this Thursday, December 14, lower and was located at S/3.7650, which meant a decline of 0.71% compared to Wednesday’s close when it was quoted at S/3.7920, according to the Central Reserve Bank of Peru (BCRP). ANDSo far this year the currency has accumulated a variation of -1.10%.
At 1.40 pm the US currency in the parallel market It was quoted at S/3,750 for the purchase and S/3,780 for the sale. While in the banking market It reached S/3,7330 the purchase and S/3,7970 sales at the counters of the Banco de Crédito del Perú (BCP).
During the day, as reported by Gianina Villavicencio, intermediation manager of Divisas de Renta4 SAB, the foreign currency was pressured downwards given the high supply from foreign investors and local corporations, taking the currency to a minimum price of S/3. 7600. US$341 million were traded in the market at an average price of S/3.7659.
Internationally, the dollar lost positions a day after the Federal Reserve (FED) indicated that it will no longer raise rates and will probably cut them in 2024. Thus, projections imply 75 basis points of cuts for next year with compared to the current level which is 5.25% – 5.50%.
Source: Larepublica
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