The price of dollar opened with a slight decline in the exchange session on this Thursday, January 4, 2024 and was placed at S/3.7343, according to Bloomberg. Which meant a decline of 0.02% compared to Wednesday’s close when it was quoted at S/3.7350, according to the Central Reserve Bank of Peru (BCRP). In the last 12 months, the dollar has had a variation of -2.23%.
At 10:50 am the US currency in the parallel market stood at S/3.73 for purchase and S/3.75 for sale. While the reference exchange rate in the banking market reached S/3.6990 for purchases and S/3.7890 for sales in the Banco de Crédito del Perú (BCP). The resignation of the Minister of Economy and Finance, Alex Contrerascould generate uncertainty in the markets and therefore cause the exchange rate to rise.
Internationally, the dollar fell, after rising to almost three-week highs the day before, after the minutes of the most recent Federal Reserve meeting gave few clues about when the United States could begin to cut interest rates, as reported by Reuters.
Against a basket of currencies, the greenback fell 0.11% to 102.29, after reaching a high of 102.73 on Wednesday.
Other data released on Wednesday, January 3, showed that the US manufacturing sector continued to contract in December, although the pace of decline slowed, while job offers fell for the third consecutive month in Novemberwhich points to a relaxation of labor market conditions.
According to CME’s FedWatch tool, the probability that Federal Reserve to start lowering rates in March is 72%, up from 87% a week ago.
The euro rose 0.25% to $1.0950, having fallen to more than two-week lows on Wednesday after France and other European countries released inflation figures. The pound rose 0.25% to US$1.2694.
With information from Reuters.
Source: Larepublica
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