Traders are looking ahead to the release of the Global Purchasing Managers’ Index (PMI) and Gross Domestic Product (GDP) data later this week for fresh insights on US economic conditions.
The dollar exchange rate began a downward trend this Monday, July 22, and was close to S/3.7473, according to preliminary data from the Bloomberg international currency quotation portal.
The day before, the greenback had started its run at S/3.7340, and then climbed to the official close of S/3.7560 set by the Central Reserve Bank (BCRP).
At the local level, it was learned that, during the first six months of this year, there has been an accumulated increase of 2.7% in the salary required by Peruvians, reaching S/3,140, according to the Bumeran Labor Market Index.
On the international front, the dollar fell to a three-month low due to concerns about the property market in China: US$4.18 per pound, its most modest value since April 8 on the London Metal Exchange (LME).
On the other hand, the US Dollar Index DXY is falling to around 104.00 due to rising expectations of rate cuts by the US FED.
North American traders are looking to the release of the Global Purchasing Managers’ Index (PMI) and Gross Domestic Product (GDP) data later this week for fresh insights on US economic conditions.
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.
