The dollar it rose 0.05% at the end of the session on Monday, January 10, and stood at S / 3.9340, compared to its price on last Friday where it stood at S / 3.9320; as reported by the Central Reserve Bank of Peru (BCRP). The greenback started the day at S / 3.9290.
The purchase in the parallel market was located at S / 3,943 and the sale at S / 3.97. Regarding the price of the dollar in the windows of the main banks, there is a purchase of S / 3,912 and a sale of S / 3,962 in the Banco de Crédito del Perú (BCP).
According to Reuters, the dollar rallied on Monday against a basket of currencies, as recent employment data would have prompted some Wall Street banks to raise their estimates of how quickly the Federal Reserve (Fed) to move forward. The United States will raise interest rates this year.
The dollar index, which is measured against six major pairs, rose 0.4% to 96.15 in the afternoon in New York. The indicator remains close to the 16-month high hit at the end of November.
Also, the safe haven currency was supported by the closely watched employment report on Friday that suggested the US job market was at or near its employment peak.
In addition, the International Monetary Fund (IMF) warned emerging economies about a possible hike in interest rates from the Federal Reserve Board (FED) of the United States.
According to the international body, faster-than-expected cycles in the Federal Reserve could shake financial markets and trigger capital outflows, as well as a depreciation of their currencies.
Along these lines, the group led by Kristalina Georgieva pointed out that a gradual and well-communicated tightening of the Fed’s monetary policy would probably have little impact on emerging markets, as foreign demand would offset the impact of rising financing costs.
.
Kingston is an accomplished author and journalist, known for his in-depth and engaging writing on sports. He currently works as a writer at 247 News Agency, where he has established himself as a respected voice in the sports industry.
