The exchange rate started today on a downward trend of S/3.7685, according to preliminary data from the Bloomberg international currency quotation portal. That is, 0.38% less than the previous day, when it closed at S/3.7830.
In the parallel market, the greenback is priced at S/3,750 for purchase and S/3,790 for sale; while in the banking market, it is priced at S/3,730 and S/3,818 for purchase and sale, respectively.
On the other hand, The US Consumer Price Index (CPI) in June eased by one-tenth more than expected to 3% compared to 3.3% in May, according to data released by the Bureau of Labor Statistics. The core CPI also fell one-tenth of a point to 3.3% month-on-month, when it was expected to remain at 3.4%.
As for the inter-month core CPI, the majority bet was on 0.2%, but the rate of 0.1% recorded in June – the lowest since January 2021 – is a positive surprise that paves the way for the Federal Reserve (Fed) to begin cutting interest rates in September. In this line, Jerome Powell, president of the Fed, emphasized that It will not wait until inflation reaches its target of 2% per year because that would result in prices rising below the target.
So far this year, the dollar has accumulated a variation of 2.05% and in interannual terms, of 4.01%, according to the Central Reserve Bank of Peru (BCRP).
Source: Larepublica
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