The price of the dollar closed the decline on the day of this Thursday, January 4, 2024 and stood at S/3.7280, which meant a decline of 0.19% compared to Wednesday’s close when it stood at S/3.7350, according to the Central Reserve Bank of Peru (BCRP). So far this year the currency has accumulated a variation of 0.57%.
At 2:00 pm the US currency in the parallel market was quoted at S/3.72 for purchase and S/3.74 for sale. While the reference exchange rate in the parallel market reached S/3.6830 for purchases and S/3.770 for sales in the Banco de Crédito del Perú (BCP).
At the international level, although the Federal Reserve did not give a schedule for rate cuts this year, noted stunning disinflation and concerns about “overly restrictive” policy in a slowing economy, and risks to its dual mandate of stable prices and maximum employment in the event of an “abrupt slowdown” in labor markets.
But Treasuries, whose 10-year yields have retreated about 5 basis points from Wednesday’s highs of 4%, got an additional boost from a discussion by the Fed about how a slowdown in its balance sheet, or process, might follow. of “quantitative adjustment” (QT). .
The index of dollar retreated from nearly one-month highs as US yields eased.
With information from Reuters.
Source: Larepublica
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