The dollar exchange rate began rising this Thursday, April 11, and was around S/3.7158, according to preliminary data from the Bloomberg international currency exchange portal.
The day before, the greenback had started its career above S/3.7050 and then climbed to S/3.7180 at the official closing of the BCRP, following the confirmed inflation in the United States of 3.5% in March . The dollar is a safe haven asset for investors in the face of global instability.
However, this morning the International Monetary Fund (IMF) announced that it will raise global growth forecasts due to the strength of the North American nation. “We have avoided a global recession and a period of stagflation,” said Kristalina Georgieva.
The one that did suffer the onslaught of fears of a worsening of inflation in the United States was gold, which fell from historical highs and, according to its spot price, fell 0.7% to US$2,336.40 per ounce, after reaching on Tuesday a peak of US$2,365.09.
Meanwhile, Reuters reported that the investment bank Goldman Sachs raised its forecast for China’s economic growth in 2024 to 5%, from the 4.8% annual estimate in November.
Finally, world meat prices rose 1.7% in March compared to the previous month, representing the second consecutive monthly increase and standing 1.5% below their value a year ago, according to the FAO.
Source: Larepublica
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