Dollar starts lower with S/3.6892 this Friday, May 10

Dollar starts lower with S/3.6892 this Friday, May 10

The exchange rate started lower today with S/3.6892, according to preliminary data from the Bloomberg international currency exchange portal. That is, 0.08% less than the previous day, where it closed at S/3.6920.

In the parallel market, the greenback is now at S/3,670 for purchase and S/3,710 for sale; while in banking, the purchase and sale is at S/3,633 and S/3,737, respectively.

On the other hand, according to an interview with Reuters, the president of the Fed suggested that “There are probably still plans to reduce interest rates this year, despite uncertainty about when and to what extent monetary policy easing will occur”as well as on the gradual pace of decline in inflation.

Likewise, Wall Street’s main stock indices were boosted by weekly unemployment data that showed a weakening of the US labor market.

So far this year, the dollar has accumulated a variation of -0.40% and in year-on-year terms, -0.03%, according to the BCRP.

Source: Larepublica

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