Exchange rate: Dollar closes higher today, Friday, July 19, at S/3.7560

The exchange rate closed today at S/3.7560, 0.32% more than the previous day, when it was at S/3.7440, according to the Central Reserve Bank of Peru (BCRP).

In the parallel market, the greenback is now at S/3,730 for purchase and S/3,760 for sale; while in the banking market, it is at S/3,712 and S/3,802 for purchase and sale, respectively.

During the day, the dollar was under upward pressure, taking the currency to a minimum price of S/3.7330 and a maximum of S/3.7560. Meanwhile, US$281 million were traded on the market at an average price of S/3.7444 and S/704 million in foreign exchange swaps expired.of which S/280 million were renewed by the BCRP at 3, 6 and 12 months, according to Gianina Villavicencio, Foreign Exchange Intermediation Manager at Renta4 SAB.

At a global level, the dollar has been appreciating after two weeks of decline. On the other hand, at a local level, it has maintained a strong upward trend for the third consecutive day, Villavicencio adds.

The Fed has its next monetary policy announcement scheduled for late July.However, the market unanimously expects a rate cut in September.

So far this year, the dollar has accumulated a variation of 1.32% and in interannual terms, of 4.89%, according to the BCRP.

Source: Larepublica

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