Exchange rate: dollar closes the week lower and stands at S/3,822 this Friday the 16th

Exchange rate: dollar closes the week lower and stands at S/3,822 this Friday the 16th

During the day, the offer came from local corporations for tax payments, taking the dollar to a minimum level of S/3,815. US$315 million were negotiated in the market at an average price of S/3.8255.

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The dollar exchange rate closed the week lower and stood at S/3,822 this Friday, February 16, according to the official marker of the Central Reserve Bank of Peru (BCRP).

According to Asvim Asencios, Foreign Exchange Trader at Renta4 SAB, the greenback decreased 180 basis points compared to the previous closing on Thursday, which stood at S/3.84.

Likewise, during the day the offer came from local corporations for tax payments, taking the dollar to a minimum level of S/3,815. US$315 million were negotiated in the market at an average price of S/3.8255.

“Today, the BCRP placed foreign exchange swaps for S/600 million and made a direct sale of US$5 million at S/3.8212,” Asencios detailed.

At a global level, the dollar rose after the publication of data from the US Producer prices rose more than expected by the market, and stands at 0.3% in January, compared to forecasts that were at 0 ,1%. The dxy was trading at 104,125 at the close

“Everything would indicate that the FED would not reduce rates at its next meeting in March,” the source concluded.

ABOUT THE AUTHOR:

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Written and digital press journalist, graduated from the Federico Villarreal National University (UNFV). Currently, in La República, where he writes about economics, with emphasis on hydrocarbons, mining and social conflict.

Source: Larepublica

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