Categories: Economy

Dollar closes the day higher, but continues below S/3.80 this Wednesday, February 21

Dollar closes the day higher, but continues below S/3.80 this Wednesday, February 21

After five consecutive days of decline, the dollar rose again this Wednesday, February 21, 2024 and stood at S/3.7970, which meant an advance of 0.34% compared to Tuesday’s close when it was quoted at S/3.7840, according to the Central Bank of Reserve of Peru (BCRP). So far this year the currency has accumulated a variation of 2.43%.

At 2.15 pm the US currency In the parallel market it was quoted at S/3.78 for the purchase and S/3.81 for the sale. While in the banking market the purchase reached S/3.70 and the sale reached S/3.88 at the windows of the Banco de Crédito del Perú (BCP).

In the United States, the minutes of the meeting held in January by Federal Reserve officials were released, most worried about risks of cutting interest rates too soon and with uncertainty about how long borrowing costs should remain at their current level, according to the Reuters report.

“Participants highlighted the uncertainty associated with how long it would be necessary to maintain a restrictive monetary policy stance” so that inflation returns to the 2% objective set by the Federal Reserve, according to the minutes of the session of January 30 and 31.

Officials “generally” agreed that they needed “greater confidence” in falling inflation before considering rate cuts, according to the minutes, in language that appeared to emphasize a careful and perhaps slower approach to rate cuts. which market participants now expect to begin in June.

The index of dollar It stood at 103,910.

Source: Larepublica