Dollar and Stock Market with good performance in the week

After seven months of high volatility, the dollar showed an unexpected decline to close the week at S/ 3.8720. In this way, in one month (December 15 to January 14) it already fell by 4.51%; it depreciated -1.58% in one week; and so far this year it has already accumulated -2.98% which, according to Juan Carlos Oder, director of Phase Consultores, would be just 0.4% if only external factors were involved.

Hugo Perea, head of research at BBVA Peru, pointed out that this is due “to the adjustments made by the central banks in the region”, anticipating the measures that the US Federal Reserve (Fed) would adopt in view of the inflation figures that reached 7% in December; according to official reports.

Likewise, the expert highlighted that the political calm has generated a more favorable environment for our currency.

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On January 6 the Central Reserve Bank of Peru (BCRP) raised the benchmark interest rate from 2.5% to 3%, after 6.43% inflation in December. For Jose Duarte, CEO of Firbid, this allowed the investments to be maintained.

“As long as the Fed does not carry out any type of action to improve the interest rate and reduce inflation a little, the dollar will continue to depreciate,” Duarte told this newspaper.

While, Cesar Romero, head of Research en Renta4, expressed that the depreciation of the dollar is a consequence of corporate seeking to liquidate their long positions when they see a stronger sun.

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Stock exchange registered 5.06%

The Lima Stock Exchange closed the week at -0.71% (23,486.6 points), despite this it showed a better performance in the week, it even led on Wednesday January 12 in Latin America, reaching 3.26% (23,529.12).

According to Romero, from Renta4, the capital park registered 5.06% in the week; which represented 1,131 integers more than the close of January 7.

Meanwhile, the president peter castle He maintained that “the solidity promoted by his Government, the recovery of the economy and fiscal savings, as well as the high prices of minerals, contributed to the BVL reaching its highest level since April 2012″.

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Likewise, the president affirmed that the BVL accumulates a growth of 17.7% in the last month, which allowed an improvement in the stock market performance of most sectors. Its profitability stands out compared to other countries in the region and the world.

The word

Pedro Castillo, President of the Republic

“The BVL accumulates a growth of 17.7% in the last month, which allowed a better performance in many sectors. Its profitability stands out compared to other countries in the region and the world.”

This is how the markets behaved in the week

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