He dollar closed the day of this Monday, January 29, 2024 higher and stood at S/3.8110 —a figure that had not been reached since November 13, 2023—, which meant an advance of 0.42% compared to Friday’s close, according to the Central Reserve Bank of Peru (BCRP). So far this year the currency has accumulated a variation of 2.81%.
At 2.15 pm the US currency in the parallel market was quoted at S/3.79 for purchase and S/3.81 for sale. While in the banking market the purchase reached S/3.7080 and the sale reached S/3.9100 at the windows of the Banco de Crédito del Perú (BCP).
Internationally, the dollar appreciated as investors prepared for the prospect that the US Federal Reserve (FED) could counter expectations of an imminent rate cut when it concludes its two-day meeting on Wednesday.
Traders have lowered the odds that the U.S. central bank will cut rates to 49%, from 73% a month ago, according to CME Group’s (NASDAQ:CME) FedWatch tool, as data reinforces sentiment. that the US economy remains strong.
The index dollarwhich measures the US currency against six rivals, added 0.19% to 103.75 and remained near the six-week high of 103.82 units hit last week. The index is expected to rise 2.4% in January.
While the euro lost 0.39% to US$1.08080. The European Central Bank (ECB) on Thursday kept interest rates at a record level of 4% and reaffirmed its commitment to fighting inflation even as the time approaches to start reducing borrowing costs.
With information from Reuters.
Source: Larepublica
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