Dollar in Peru: exchange rate rose 1% and closed at S / 3.8850 this February 1

The dollar closed with an increase of 1.01% on the first day of February and reached S/ 3.8850; According to the Central Reserve Bank of Peru (BCRP), an entity that intervened with the direct sale of US$ 20 million.

In this way, the greenback rose S/ 0.039 and accumulated an annual variation of -2.66%. Likewise, the Bloomberg portal indicated that the Peruvian sol was the currency that depreciated the most in the first session of the month, reaching -0.99%, surpassing the Colombian peso (-0.32%) and the Argentine peso (-0 .09%).

The drop put the national currency on track for its biggest daily decline since July 30.

This occurs amid political uncertainty, following the resignation of Mirtha Vasquez to the presidency of the Council of Ministers. The new prime minister and his cabinet are expected to be sworn in on the afternoon of February 1. While expectations fall on the continuity or not of the Minister of Finance, Peter Francke.

“We now await the resolution of the political crisis to reassess our forecasts,” JP Morgan analysts wrote in a note to Reuters, adding that the cabinet reshuffle could prompt the opposition-led Congress to try to impeach Castillo.

Globally, the haven currency fell for a second straight session on Tuesday, after hitting a 19-month high late last week, as US economic data pulled back against aggressive rate hikes this year, raising appetite. for the risk.

For its part, a report by Bloomberg reported that the greenback may extend its rally until the Federal Reserve begins to raise interest rates, according to JPMorgan.

The dollar’s gains have more room to run, Daniel Hui, executive director of global currency strategy at JPMorgan Securities, said in an interview with Bloomberg Television. “The market will continue to be in a kind of price discovery mode” and “typically the peak of the dollar comes a month or two after the Fed lifts off,” he said.