The dollar exchange rate began to decline this Friday, May 24, and was around S/3.7320, according to preliminary data from the Bloomberg international currency exchange portal.
The day before, the greenback had started its career around S/3.7405 and then progressed to the official closing of S/3.7370 set by the Central Reserve Bank (BCRP).
At the local level, the president of the highest issuing entity, Julio Velarde, recognized that the Ministry of Economy and Finance (MEF) must recover the technical management of its sector, destabilized at the fiscal level by measures promoted by Congress and cemented by the Constitutional Court .
In addition, Velarde said that annualized inflation in 2024 would close between 2% and 2.2%, a situation that would remain throughout 2025 if major external shocks do not occur.
At the international level, copper recorded its fourth day of decline in the global market since this Monday’s peak: this time, the fall of the red metal was 0.33% and closed the week at US$4.65227 per pound on the London Metal Exchange (BML).
Oil is not doing well either. WTI crude oil expanded its losses this Friday, losing 59 cents, or 0.77%, to settle at US$76.28 during its opening.
Source: Larepublica
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