He dollar It closed the day this Wednesday, February 14, 2024, lower and stood at S/3.8750. This meant a decline of 0.23% compared to Tuesday’s close, when it was quoted at S/3.8840, according to the Central Reserve Bank of Peru (BCRP). So far this year, the currency has accumulated a variation of 4.53%.
At 2.15 p.m. The US currency in the parallel market was quoted at S/3.87 for purchase and S/3.88 for sale. While the reference exchange rate in the banking market reached S/3.8070 for purchases and S/3.9380 for sales in the Banco de Crédito del Perú (BCP).
At the international level, the dollar fell from a three-month high, as investors consolidated gains following the previous session’s stronger-than-expected US inflation report, which postponed bets on a first Federal Reserve (Fed) rate cut to sometime later. mid-year, according to a Reuters report.
Since data from Tuesday, February 13 showed that the consumer price index (CPI) gained 3.1% in January from a year ago, above the expected 2.9% rise, fed funds futures have not priced in any rate cut in March and a nearly 80% chance of a reduction in June, according to the application of LSEG rate probability.
Futures are also pricing in about three rate cuts of 25 basis points each this year. The dollar index, which measures the US currency against six other major currencies, fell 0.1% to 104.97 units, after hitting a three-month high of 104.97.
Source: Larepublica
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
