The exchange rate closed 0.40% higher compared to yesterday’s session, where it stood at S/3.7400, according to the Central Reserve Bank of Peru (BCRP).
In the parallel market, the greenback rose to S/3.72 for purchase and S/3.75 for sale; while in banking, the purchase and sale increased by up to S/3,758 and S/3,773, respectively.
During the day the market opened higher due to corporate and offshore demand, with volatile behavior. Thus, the dollar oscillated between a minimum level of S/3.750 and a maximum level of S/3.7640. Meanwhile, US$439 million were traded in the market at an average price of S/3.7575. In that sense, the BCRP intervened by placing an exchange swap sale for S/640 million at an average rate of 5.55% and there were maturities of an exchange swap sale for S/300 million, said Fabiola Gutierrez, Foreign Exchange Trader at Renta4 SAB.
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On the other hand, during the Washington Forum on the Canadian economy, the president of the Fed, Jerome Powell, spoke about monetary policy, indicating that the contractionary position would still be maintained. And although the US economy has shown strength in its markets, inflation still does not show a stable path. As was known last week, this indicator was higher than expected (3.5% year-on-year compared to the 3.4% expected). Likewise, the latest geopolitical events in the Middle East have generated an uncertain outlook, so investors have taken positions on safe haven assets such as the dollar and gold, Gutierrez added.
So far this year, the dollar has accumulated a cumulative variation of 1.29% and in year-on-year terms, -0.56%, according to the BCRP.
Source: Larepublica
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