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Exchange rate: dollar closes lower today, Tuesday, May 14, with S/3.7190

Exchange rate: dollar closes lower today, Tuesday, May 14, with S/3.7190

The exchange rate closed today with S/3.7190, 0.24% less than the last day, where it targeted S/3.7280, according to the Central Reserve Bank of Peru (BCRP).

In the parallel market, the greenback is at S/3,710 for purchase and S/3,730 for sale; while in banking, the purchase and sale is at S/3,682 and S/3,768, respectively.

During the day, the dollar was pressured upwards by demand from local corporations, taking it to a maximum level of S/3.73. In addition, In the market, US$398 million were negotiated at an average price of S/3.7251 and there were maturities of exchange swaps sold for S/850 million.of which S/ 270 million were renewed, according to Asvim Asencios, currency trader at Renta4 SAB.

On the other hand, solid producer price index (PPI) data was released in the United States, recording an increase from 1.8% in March to 2.2% in April, while the core PPI increased from 2.1% to 2.4%, said Asencios.

So far this year, the dollar has accumulated a variation of 0.32% and in interannual terms, of 1.61%, according to the BCRP.

Source: Larepublica

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