The exchange rate closed today with S/3.7330, 0.35% more than the last day, where it targeted S/3.7200, according to the Central Reserve Bank of Peru (BCRP).
In the parallel market, the greenback is now at S/3,715 for purchase and S/3,740 for sale; while in banking, the purchase and sale is at S/3,686 and S/3,772, respectively.
Separately, Fed Chairman John Williams welcomed the arrival of “softer” data on consumer inflation, he told Reuters. However, at the same time, he stated that The positive news is not enough for interest rates to be cut soon.
Additionally, Williams noted that they are not yet confident enough that price pressures are moving sustainably toward the Fed’s 2% inflation target before reducing short-term borrowing costs.
So far this year, the dollar has accumulated a variation of 0.70% and in year-on-year terms, 0.92%, according to the BCRP.
Source: Larepublica
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
