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Dollar reaches its lowest level in a year and trades at S/3.6930

Dollar reaches its lowest level in a year and trades at S/3.6930

ANDthe exchange rate of the dollar continues with its downward trend and closed this Tuesday, May 9, 2023 at S/3.6930, its lowest level since May 27, 2022, date where it ended in the same figure. Today, the US currency fell by -0.40% compared to S/3.7080 on Monday, according to the Central Reserve Bank of Peru (BCRP). So far this year, it presented an accumulated variation of -2.99%.

At 1.53 pm the green ticket in the parallel market It was listed at S/3,680 for the purchase and S/3,710 for the sale. For its part, the referential exchange rate in the banking market It reached S/3.6590 for the purchase and S/3.7240 for the sale at the Banco de Crédito del Perú (BCP).

During the day, the supply came from corporations and non-residents, bringing the dollar to a minimum level of S/3,689. Likewise, US$312 million were negotiated in the market at an average price of S/3.6996 and there was no intervention by the BCRP, reported Asvim Asencios, Renta4 SAB foreign exchange trader.

Globally, markets fell on uncertainty over weak Chinese economic data, prompting strong short-term US Treasury selling. There is also the expectation of the US inflation data that will be released on Wednesday and could generate changes in the opinions about the interest rate cut in the following months, the specialist specified.

Source: Larepublica

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