The dollar exchange rate began rising this Wednesday, June 19, 2024 and was around S/3.8158, according to preliminary data from the Bloomberg international currency exchange portal.
The day before, the greenback had started its career at S/3.7720 and then climbed to the official close of S/3.8100 that marked the official board of the Central Reserve Bank (BCRP).
It is estimated that the dollar will continue to strengthen, not only in Peru, but throughout the region, because inflation in the United States has fallen more than expected and, with this, a high expectation is generated that the FED will reduce its rates reference. With this, investments in dollars are boosted.
Internationally, international oil prices fell slightly in the early hours of Wednesday, after mixed data was released regarding reserves in North America.
The price of a Brent barrel, for delivery in August, lost 0.25%, to US$85.12. Its American equivalent, a barrel of West Texas Intermediate (WTI), for delivery in July, lost 0.49%, to US$81.17.
For its part, the API (American Petroleum Institute) reported on Tuesday an increase in commercial crude oil reserves of approximately 2.3 million barrels per day during the week ending June 14, and a decrease of almost 1 .1 million barrels per day for gasoline.
Similarly, copper futures rose, reaching US$4.55 per pound, surpassing their two-month low of US$4.4 on June 18. Among the factors are the case of the Chilean company Codelco, which experienced operational difficulties that affected revenues at its main mines.
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.
