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Exchange rate: dollar starts rising above S/3.7437 this Wednesday, May 22

Exchange rate: dollar starts rising above S/3.7437 this Wednesday, May 22

Hectic market. The United States Fed will publish this Wednesday the minutes of the monetary policy meeting held between April 30 and May 1.

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The dollar exchange rate began rising this Wednesday, May 22, 2024 and was around S/3.7437, according to preliminary data from the Bloomberg international currency exchange portal.

The day before, the greenback had started its career at S/3.7350 and then de-escalated to S/3.7320 marked by the official board of the Central Reserve Bank (BCRP).

At the local level, the Peruvian Government ratified its interest in carrying out the Tía María mining project in Arequipa, although it considered that the company – which had previously announced that it would begin construction towards the end of the year – must officially announce the start-up.

In its latest update, the International Monetary Fund maintained its growth forecasts for Peru at 2.5% for this year and 2.7% for 2025.

At the international level, the United States Fed will publish on Wednesday the minutes of the monetary policy meeting held between April 30 and May 1.

Jerome Powell and company’s discussions on the inflation outlook will be analyzed. Markets see a less than 40% chance that the Fed will keep the policy rate unchanged in September.

On the other hand, China could impose tariffs of up to 25% on imported cars with large engines, according to the China Chamber of Commerce in the EU (CCCEU).

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Written and digital press journalist, graduated from the Federico Villarreal National University (UNFV). Currently, in La República, where he writes about economics, with emphasis on hydrocarbons, mining and social conflict.

Source: Larepublica

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