The dollar it rose at the beginning of the session on Thursday, January 13, trading at S / 3.8888; as reported by the Bloomberg portal. Thus, the exchange rate appreciated by 0.05% compared to the close of Wednesday, January 12 (S / 3.8970). While in the parallel market the US currency was located at S / 3.88 for the purchase and S / 3.92 for the sale.
According to Reuters, the Peruvian sol is recovering so far in 2022 and is likely to continue to strengthen, analysts and traders said, as interest rates and copper prices rise.
The currency has risen more than 2% against the dollar this month, reaching its strongest level since leftist Pedro Castillo became president of the world’s second largest copper producer.
“A structural factor is that there is a large inflow of dollars from exports,” Hugo Perea, chief economist for Peru at BBVA Research, told the news agency. “Monetary policy also seems to be moving rapidly towards levels of neutrality.”
Meanwhile, Asvim Asencios, currency operator of Renta4 SAB Peru, highlighted that the main factor that would help the exchange rate is if the reference interest rate continues to increase.
Internationally, the dollar fell further on Thursday to two-month lows after US inflation turned weaker than feared in December, prompting investors to cut long positions in the currency.
Monthly U.S. CPI figures for December released on Wednesday were a fraction higher than expected and the rise in year-on-year consumer price inflation was, as expected, 7%, its biggest jump since June. from 1982.
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