Dollar in Peru: exchange rate opens October 27 at S / 3,989

The dollar opened slightly up this Wednesday, October 27, and it was trading at S / 3.9866, as reported by the Bloomberg portal at 09:05 am The day before, the currency had closed at S / 3.9880, according to information from the Central Reserve Bank (BCRP).

Thus, the greenback fell a slight 0.04% compared to the price of Tuesday, October 26. However, at 9:23 am, the safe haven currency reached S / 3.9899.

Political events condition dollar stability

This occurs amid the postponement of the vote of confidence to Prime Minister Mirtha Vásquez before the Congress which was held on October 25, but had to be suspended after the death of the parliamentarian of Peru Libre, Fernando Herrera.

In addition, the clarification of the president Pedro Castillo on the proposal to Congress to work together for a law to nationalize Camisea gas.

Through his Twitter account, the head of state remarked that the gas recovery process for Peruvians will be adjusted to the unrestricted respect for the freedom of business.

“As the people’s government, we are and will be respectful of business freedom. The gas pipeline that will take gas to the south of the country is our priority, as well as its massification for the benefit of all Peruvians. That is our commitment to the people and we will fulfill it, ”said Castillo Terrones.

In the international market, the American dollar it fell in European markets after having risen after inflation data in the European Union that have raised the possibility of rate hikes earlier than planned.

In general, currency markets have been quiet in recent sessions as investors await the meeting of the US Federal Reserve next week.

Investors are also on the lookout for policy announcements this week from European, Canadian and Japanese central banks for clues on the rate outlook amid supply-driven global inflationary pressures.

With information from Reuters.