He dollar It closed the day this Monday, February 19, 2024, lower and stood at S/3.7970. This meant a decline of 0.65% compared to Friday’s close, when it was quoted at S/3.8220, according to the Central Reserve Bank of Peru (BCRP). So far this year, the currency has accumulated a variation of 2.43%.
At 2.00 p.m. The US currency in the parallel market was quoted at S/3.78 for purchase and S/3.81 for sale. On the other hand, the reference exchange rate in the banking market reached S/3.69 for purchases and S/3.89 for sales in the Banco de Crédito del Perú (BCP).
Internationally, the price of gold hit its highest level in almost a week, as the US dollar fell slightly and the conflict in the Middle East increased the bullion’s appeal as a refuge, according to a Reuters report.
Spot gold rose 0.1% to US$2,015.49 an ounce by 1555 GMT, hitting its highest level since February 13. U.S. gold futures rose 0.1% to $2,026.9. Trading was thin because most U.S. markets were closed for the Presidents’ Day holiday.
The index dollar fell around 0.1%. A weaker U.S. currency makes metals priced in dollars cheaper for buyers using other currencies.
All eyes will be on the Federal Reserve’s January meeting minutes, due to be released on Wednesday, for more clues on the timing of interest rate cuts, which would reduce the opportunity cost of holding bullion. . According to CME’s Fed Watch tool, the probability of a cut in June is 74%.
Among other precious metals, spot platinum fell 0.8% to $898.41 an ounce; palladium lost 1%, to US$940.05; and silver fell 1.9%, to US$22.95.
With information from Reuters.
Source: Larepublica
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