Exchange rate opens lower at S/ 3.8666, after the swearing-in of a new cabinet

The dollar opened lower this Wednesday, February 2, and is trading at S/ 3.8666, according to information from the Bloomberg portal. Thus, there was a decrease of 0.47% of the greenback with respect to the close of February 1 (S/ 3.8850).

At 9:30 am, the US currency followed a downward trend, trading at S/ 3.8589, which represents a reduction of 0.62% compared to the opening.

This occurs after the swearing-in of the third cabinet of Pedro Castillo’s government, in which Congressman Héctor Valer took the reins of the Presidency of the Council of Ministers, after the resignation of Mirtha Vásquez after four months in office.

In addition, 10 ministers were changed, among whom the new head of the Ministry of Economy and Finance (MEF), Oscar Graham, was sworn in, replacing Pedro Francke, who was in charge for seven months.

It should be noted that during January the Peruvian sol strengthened by 3.63%. However, at the close of trading yesterday, the market was cautiously awaiting the appointments of the head of the PCM and the MEF, according to experts.

Source: Larepublica

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