The dollar began today’s day, Tuesday, April 9, 2024, at S/3.6875, that is, S/0.0875 less than yesterday’s close reported by the Central Reserve Bank of Peru (BCRP).
At the beginning of this week, in the streets of Jirón de la Unión, the dollar stood at S/3.66 for purchase and S/3.69 for sale; while in the banking sector, the purchase and sale was at S/3,669 and S/3,7008, respectively.
According to Gianina Villavicencio, Manager of Foreign Exchange Intermediation at Renta4 SAB, during yesterday’s session, the dollar was pressured upwards due to demand from the off shore market and local corporations. US$361 million were traded in the market at an average price of S/3.6768. The BCRP placed foreign exchange swaps for S/200 million at 3 months with an average rate of 4.39%.
At a global level, the dollar lost positions due to the waiting for inflation data this Wednesday in the United StatesAlso taking into account Friday’s jobs report, the market has reduced expectations for the number of rate cuts for this year to two, he added.
Source: Larepublica
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