The exchange rate closed today at S/3.7440, 0.38% more than the previous day, when it was at S/3.7300, 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/3,700 and S/3,784 for purchase and sale, respectively.
During the day, there was an upward trend due to offshore demand, taking it to a maximum level of S/3,752. Likewise, US$432 million were traded on the market at an average price of S/3,7404 and S/555 million in Foreign Exchange Swaps for Sale expired, which were renewed for a period of 3 and 12 months, said Asvim Asencios, currency trader at Renta4 SAB.
Globally, new claims for unemployment benefits were 249k, higher than expected by the market. And the manufacturing PMI for July was slightly above expectations, Asencios added.
On the other hand, Fed Chairman Jerome Powell eyes rate cut in Septemberwhich would be conditional on inflation data. He also noted that policymakers are increasingly closer to reducing borrowing costs from a peak of more than two decades, underlining growing confidence in easing restrictions on the economy.
So far this year, the dollar has accumulated a variation of 1.00% and in interannual terms, of 2.72%, according to the BCRP.
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.