Dollar starts lower with S/3.7281 this Monday, April 29

Dollar starts lower with S/3.7281 this Monday, April 29

The exchange rate started the week lower with S/3.7281, according to preliminary data from the Bloomberg international currency exchange portal. That is, 0.45% less than the previous day, where it closed at S/3.7450.

In the parallel market, the greenback is at S/3.70 for purchase and S/3.73 for sale; while in banking, the purchase and sale is at S/3,722 and S/3,741, respectively.

On the other hand, investors will look for new signals on the next steps of monetary policy at this week’s Fed meeting. Although the start of the cuts is not yet visible, a big change is expected compared to a few months ago, when the consensus explained that the rate cut cycle would begin in May.

So far this year, the dollar has accumulated a variation of 1.03% and in interannual terms, 0.03%, according to the BCRP.

Source: Larepublica

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