The price of dollar It opened with a slight decline in the exchange session this Wednesday, January 10, 2024 and was placed at S/3.7085, according to Bloomberg. Which meant a decline of 0.04% compared to Tuesday’s close when it was quoted at S/3.7100, according to the Central Reserve Bank of Peru (BCRP). So far this year the currency has had a variation of 0.08%.
At 10.50 am The US currency in the parallel market was at S/3.70 for purchase and S/3.72 for sale. While the reference exchange rate in the banking market reached S/3.6080 for purchases and S/3.8130 for sales in the Banco de Crédito del Perú (BCP).
He dollar fell as investors awaited U.S. inflation data on Thursday, Jan. 11, and Bitcoin was volatile following the posting of a fake social media message on the U.S. securities regulator’s account.
The Securities and Exchange Commission (SEC) said someone briefly accessed its account on the social network cryptocurrencies. The SEC said it had not yet approved spot Bitcoin ETFs.
Bitcoin fell 1.3% to US$45,516, after hitting a 21-month high of $47,897 following the fake release.
Meanwhile, the index dollar, which measures the performance of the US currency against a basket of six rival currencies, was down 0.09% at 102.41, after rising 0.215% on Tuesday. The index is up 1% this month, after falling 2% in December, as traders reassess how steep and early the Federal Reserve’s rate cuts may be.
In December, the Federal Reserve unexpectedly projected rate cuts of 75 basis points (bp) in 2024, triggering market relaxation expectations, which last month anticipated cuts of up to 160 bp. Markets are currently expecting cuts of 140 basis points this year.
Waiting for inflation data in the United States
On Thursday, January 11, the United States consumer price index will be published. Headline inflation is expected to increase by 0.2% monthly and 3.2% annually.
Fed Funds Futures indicate a 64% chance the Fed will cut rates in Marchup from 80% a week earlier, CME’s FedWatch tool showed.
Among other currencies, the euro rose 0.16% to US$1.0949, while the yen weakened 0.34% to 144.96 units per dollar, approaching the 145 mark.
With information from Reuters.
Source: Larepublica
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