The dollar price US inflation in Peru opened higher on Monday as investors braced for a US inflation report that could force another large increase in interest rates.
MIRA: Today’s dollar in Colombia: check here the exchange rate this July 11
The exchange rate operates at S/ 3,932 per dollar, an advance of 0.64% compared to Friday’s close of S/ 3,909, according to data from the Bloomberg agency.
So far this year, the greenback accumulates a decline of 1.47% compared to the last price of 2021 at S / 3,991.
On the other hand, in the parallel market or the main exchange houses, the dollar is bought at S / 3,890 and sold at S / 3,940, according to the portal cuantoestaeldolar.pe.
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Globally, bond and equity yields fell on Monday as investors braced for a U.S. inflation report that could force another big interest rate hike, as policymakers around the world world were trying to calm things down in the face of the threat of a recession.
According to Archyde.com, while Wall Street made some gains last week, the market’s mood will be tested by results from JPMorgan and Morgan Stanley due out on Thursday, with Citigroup and Wells Fargo due the next day.
Another big deal will be Wednesday’s US consumer price report, in which markets see headline inflation accelerating further to 8.8% but forecast a slight slowdown. in the underlying measure up to 5.8%.
A hawkish Fed, combined with recession fears, particularly in Europe, has kept the dollar at 20-year highs against a basket of competitors. The dollar breached the 137.00 yen threshold to hit its highest level since 1998 at 137.28 units as the Bank of Japan maintained its ultra-loose policies.