Lima, 05/06/2022 02:02 pm | Updated 06/05/2022 02:08 pm
The price of the dollar in Peru closed higher on Friday, after better-than-expected labor data in the United States fueled concerns that the Fed may have to raise rates more than expected to contain inflation.
The exchange rate ended at S/ 3,814 per dollar, an advance of 0.59% compared to Thursday’s close at S/ 3,792, according to the Central Reserve Bank of Peru (BCR).
So far this year, the greenback accumulates a decline of 4.42% compared to the last price of 2021, at S / 3,991.
“Today’s session began with the opening of the market at S/ 3.8050, there was offshore demand for S/ 80 million and local corporates with mixed flow”said Javier Bernaola, currency trader at Renta4 SAB.
“Swaps were placed for sale, one for S/ 200 million at six months at an average rate of 1.55% and another for the same amount at 1 year at an average rate of 2.29%, to stop the depreciation of the currency. US$ 185 million were traded on the market at an average price of S/ 3.8103″he added.
On the other hand, in the parallel market or the main exchange houses, the dollar is bought at S / 3,790 and sold at S / 3,825, according to the portal. cuantoestaeldolar.pe.
Regionally, Latin American markets were mixed on Friday, with the real leading losses, after better-than-expected US labor data fueled concerns the Fed may have to hike rates higher than expected. designed to contain inflation.
According to the Archyde.com agency, employment growth in the United States increased more than expected in April, which highlights the solid fundamentals of the economy despite the contraction of the Gross Domestic Product in the first quarter.