Exchange rate: dollar starts falling above S/3.6975 this Thursday, January 11

Exchange rate: dollar starts falling above S/3.6975 this Thursday, January 11

The North American currency could show fluctuations in the next few hours after confirming that inflation in the US was higher than expected in 2023, the year in which it accumulated progress of 3.4%, two tenths more than forecast and three tenths more than the previous month.

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The dollar exchange rate began this Thursday, January 11, downwards and was around S/3.6975, according to preliminary data from the Bloomberg international currency exchange portal.

The day before, the greenback had started its career at S/3.7085 and then progressed to the official closing of S/3.6990 that marked the board of the Central Reserve Bank (BCRP).

At the local level, the Minister of Economy, Alex Contreras, reiterated his estimate of Peruvian GDP growth in 2023 up to 3%, and stated that the request for contributions for Petroperú will be resolved next week.

On the international stage, US inflation was higher than expected and rose to 3.4% annually. They are two tenths more than forecast and three tenths more than the previous month, which continues to break the slowdown in the rise in prices that has been occurring in recent months.

On oil, Barclays lowered its Brent crude price forecast for this year by $8 to $85 a barrel due to increased supply, but noted that oil appears undervalued.

Precisely, the consulting firm Wood Mackenzie said in a report published this Thursday that global oil demand will increase by almost 2 million barrels per day in 2024 and that China will represent more than 25% of the increase.

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Source: Larepublica

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