Exchange rate: the dollar in Peru starts to fall to around S/3.7215 this Wednesday, July 31

Globally, US indices are up ahead of the Fed meeting, while semiconductor makers are up following second-quarter results.

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The dollar exchange rate began to decline in Peru on Wednesday, July 31, and stood at S/3.7215, according to preliminary data from the Bloomberg international currency quotation portal.

The day before, the greenback had started its run around S/3.7500 and then de-escalated to the official close of S/3.7290 set by the Central Reserve Bank (BCRP).

At the local level, a recent report by Bumeran reveals that 41% of HR specialists in Peru plan to reduce staff over the next six months.

Globally, US indices are up ahead of the Fed meeting, while semiconductor makers are up following second-quarter results.

In the wake of the gains in Asia and the US, European benchmarks also traded higher, with the Japanese yen strengthening in the first reaction after an unexpected 15bp rate hike by the BoJ (to 0.25%).

The market is awaiting the decision of the US Central Reserve and the press conference of the Chairman of the Federal Reserve, Jerome Powell.

On the other side of the hemisphere, Chinese factory activity suffered a further setback in July, as reflected in the official reading of the purchasing managers’ index (PMI), which fell to 49.4 points from 49.5 in June, marking the third consecutive contraction in Chinese manufacturing and the worst reading of the figure since last February.

Source: Larepublica

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