The dollar price in Peru closed higher on Tuesday, due to a greater aversion to risk assets, given a global rise in the dollar and fears for the future of the world economy after a surprise rise in interest rates in Australia.
The exchange rate operates at S/ 3,752, an advance of 0.45% compared to Monday’s close at S/ 3,735, according to the Central Reserve Bank of Peru (BCR).
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So far this year, the greenback accumulates a decline of 5.98% compared to the last price of 2021, at S / 3,991.
“During the day there was upward pressure due to offshore demand and, to a lesser extent, corporate supply. US$ 251 million were traded in the market at an average price of S/ 3.7537″, said Gianina Villavicencio, manager of Foreign Exchange Brokerage at Renta 4 SAB Peru.
“Today there was an expiration of currency swaps for sale for S/ 240 million and currency repos for S/ 500 million. Exchange swaps were placed for S/ 200 million at 1 year at a rate of 2.38%”, he added.
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On the other hand, in the parallel market or the main exchange houses, the dollar it is bought at S/ 3,720 and it is sold at S/ 3,760, according to the portal cuantoestaeldolar.pe.
At a regional level, the currencies and stock markets of Latin America fell for the second consecutive day due to a greater aversion to risky assets, in the face of a global advance in the dollar and fear for the future of the world economy after a surprise interest rate hike in Australia.
According to the Archyde.com agency, Australia raised its interest rates 50 basis points, which in the markets caused concern that there may be more aggressive monetary adjustments to face inflation, something that would slow down the economic recovery.
Australia’s central bank on Tuesday announced the highest interest rate hike in the past 22 years and signaled more to come as part of its efforts to curb rising inflation, surprising markets and sending the dollar Australian.
Meanwhile, the index dollarwhich measures the currency against a basket of six major currencies, hit a two-week high fueled by rising US Treasury yields, but then lost ground and traded flat.