The exchange rate closed today with S/3.7190, 0.73% more than the last day, where it targeted S/3.6920 according to the Central Reserve Bank of Peru (BCRP).
In the parallel market, The greenback is now at S/3.69 for purchase and S/3.72 for sale.; while in banking, the purchase and sale is at S/3,666 and S/3,753, respectively.
Likewise, today US$306 million were traded in the interbank spot market and there was a very busy session with upward currency pressure guided by the flow of demand from corporate and non-resident clients after the 0.25% interest rate cut. of the BCRP (5.75%). In addition, there was an expiration of the exchange swap sale of the BCRP for S/550 million, of which S/400 million was renewed for three months, explained Gianina Villavicencio, currency intermediation manager at Renta4 SAB.
On the other hand, the debate at the Fed about whether interest rates are high enough was resumed, and could be fueled even further after a survey showed a rebound in consumer inflation expectations.
So far this year, the dollar has accumulated a variation of 0.32% and in interannual terms, of 1.31%, according to the BCRP.
Source: Larepublica
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