Dollar falls for the fifth consecutive session: how much is it trading at this Tuesday, February 20?

He dollar It closed lower for the fifth consecutive session and stood at S/3.7840, this Tuesday, February 20. This meant a decline of 0.34% compared to Monday’s close, when it was quoted at S/3.7970, according to the Central Reserve Bank of Peru (BCRP). So far this year, the currency has accumulated a variation of 2.08%.

At 2.15 pm, the US currency In the parallel market it was quoted at S/3.77 for the purchase and S/3.80 for the sale. While the reference exchange rate in the banking market reached S/3.7500 for purchases and S/3.9350 for sales in the Banco de Crédito del Perú (BCP).

At the international level, the dollar weakened and the Wall Street and European stock markets fell, as expectations of an early interest rate cut by the Federal Reserve fadedwhich weighed on confidence and prevented the main pan-European and Japanese stock indices from reaching all-time highs, according to Reuters.

Last week’s higher-than-expected US inflation data dampened market expectations of an imminent start to the Federal Reserve’s monetary easing cycle and halted the rally in US stocks in 2024, which was based in a perspective of a sharp slowdown in inflation.

The index dollara measure of the US currency against six others, fell 0.30%, while the MSCI gauge of global stocks lost 0.45%.

The STOXX 600 index lost 0.09%. Markets ignored data from the European Central Bank, which showed that annual growth in negotiated wages in the euro zone slowed to 4.5% in the fourth quarter of last year, from 4.7% in the previous period.

The Nasdaq technology market led the losses on Wall Street. Chipmaker Nvidia, which presents its results on Wednesday after the markets close, fell 6.2%. In Wall Streetthe Dow Jones Industrial Average lost 0.25%, the S&P 500 fell 0.78% and the Nasdaq Composite fell 1.42%.

With information from Reuters.