He dollar It closed higher on Thursday, February 8, and stood at S/3.8610, which represented an advance of 0.49% compared to Wednesday’s close when it was quoted at S/3.8420, according to the Central Bank. Reserve Bank of Peru (BCRP). In this way, it resumed its climb, positioning itself at a value that has not been recorded for more than three months. So far this year the currency has accumulated a variation of 4.15%.
At 2.15 p.m. The US currency in the parallel market was quoted at S/3.81 for purchase and S/3.83 for sale. While in the banking market the purchase reached S/3.77 and the sale reached S/3.95 at the windows of the Banco de Crédito del Perú (BCP).
According to Gianina Villavicencio, manager of Foreign Exchange Intermediation at Renta4 SAB, during the day the demand came from the off shore market, while the offer was from corporations and local banks that took the dollar to a maximum price of S/3.8620 and minimum of S/3.8370.
US$523 million were traded in the market at an average price of S/3.8511. In addition, this Thursday, February 8, exchange swaps for sale for S/400 million expired, and S/864 million were placed between 6 and 9 months.
“At a global level, the dollar continues to rise after data on unemployment benefits once again pointed to a resilient labor market in the United States, which reinforces the Federal Reserve’s message that short-term interest rates will not be cut,” Villavicencio explained. The dollar index was trading at 104.03 (+0.11%).
Gold fell due to dollar strength
Gold prices fell affected by the strength of the dollar and the rise in Treasury bond yields, as hopes for an early rate cut from the Federal Reserve diminished, while palladium extended its decline due to the gloomy long-term demand outlook, Reuters reported.
Spot gold fell 0.1% to US$2,032.26 an ounce around 17:41 GMT. U.S. gold futures fell 0.2% to $2,047.50 an ounce.
Source: Larepublica
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