meet the price of the dollar in Peru today, monday january 17, for buying and selling in the parallel market and in the main banks. The North American currency opened with a price of S / 3.8703, according to the Bloomberg portal. On Saturday, January 15, the greenback closed with a value of S/ 3.8910, according to the Central Reserve Bank of Peru (BCRP).
For his part, the BCRP explained that the terms of trade registered an increase of 3.7% in November 2021 compared to the same month in 2020. The institution pointed out that this result is due to higher export prices that advanced 27% year-on-year, due to the prices of copper, zinc, oil , gas and coffee.
Meanwhile, the Congress of the Republic received three bills that seek to release AFP funds, which are promoted by parliamentarians from the Podemos Peru caucus. In this sense, one of the legislative initiatives proposes authorize the withdrawal of up to 50% of the funds for the purchase or amortization of a first property. In addition, it is intended to use the withdrawals to pay credit debts.
At the economic level, analysts from the FocusEconomics Consensus Forecast LatinFocus reported that Peru will record unemployment below the average for Latin America in the next five years. In their last report of December 2021, they indicated that the Peruvian unemployment rate will be 8.3% of the active population in 2022, 7.8% in 2023, 7.4% in 2024, 7% in 2025 and 6 .7% in 2026.
The Peruvian unemployment rate will be 8.3% of the active population in 2022, 7.8% in 2023, 7.4% in 2024, 7% in 2025 and 6.7% in 2026. Meanwhile, the average of Latin America will be 8.8% in 2022, 8.5% in 2023, 8.2% in 2024, 7.9% in 2025 and 7.6% in 2026, analysts estimated. Also, the Ministry of Agrarian Development and Irrigation (Midagri) announced that, from Tuesday, January 18, farmers with less than two hectares will be able to collect the Wanuchay bond, subsidy of S/ 350. Learn about the payment schedule HERE.
Dollar stabilizes on the international scene
The dollar fell in early London trading as traders felt the Federal Reserve’s tightening measures were largely priced in, while the euro fell from a two-month high on Friday.
An unexpected cut in key lending rates in China highlighted it as the outlier, with other major central banks in talks to raise rates. China’s move only briefly weighed on the yuan.
Gold rises as policy outlook weighs against Omicron
Gold rose after its best week in two months as traders weigh the outlook for monetary policy against the threat posed by a new wave of coronavirus in the US.
Facing pressure from Congress and the public to tackle the highest inflation since the 1980s, a chorus of Federal Reserve officials this month raised raising rates in March and the potential need to raise rates as much as five times this year, marking a clear change in projections from just a few weeks ago. The central bank meets next Tuesday to decide on policy.
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