The price of the dollar in Peru was quoted with a slight rise on Friday, in a week marked by intense protests against the Executive and in the midst of greater global risk aversion.
The exchange rate ended at S/ 3,712, a slight increase of 0.13% compared to the last closing at S/ 3,707, according to the Central Reserve Bank of Peru (BCR).
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So far this year, the greenback accumulates a decline of 6.99% compared to the last price of 2021, at S / 3,991.
“Today’s session began with the opening of the market at S/ 3.7150, corporates, AFPs and banks went out to sell Dollarson the other hand, the BCR renewed foreign exchange sales swap for S/ 200 million for one year. US$ 353 million were traded in the market at an average price of S/ 3.7121″, said Alexander Javier, Forex trader at Renta4 SAB.
“Yesterday the BCR raised the reference rate by 50 basis points to 4.50% for the eighth consecutive meeting and reached its highest level. It is worth mentioning that 12-month inflation expectations rose from 3.75% to 4.39%, a new peak since 2008″, he added.
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On the other hand, in the parallel market or the main exchange houses, the dollar it was bought at S/ 3,680 and sold at S/ 3,720, according to the portal cuantoestaeldolar.pe.
Regionally, most Latin American currencies posted losses on Friday, amid heightened global risk aversion that fueled the dollar in the international markets, while the stock markets operated disparately in a negative week for the region.
According to the Archyde.com agency, the index dollar strengthened to above 100 points on Friday for the first time in almost two years, supported by the prospect of a more aggressive pace of interest rate hikes from the Federal Reserve.
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The dollar has gained ground against a basket of rival currencies over the past month, particularly the euro, which has come under pressure from investor concerns about the economic costs of the war in Ukraine and an election in France that could be very squabbling
The index dollar it touched 100 points in the early hours of the European session, its best level since May 2020. It then lost some momentum and traded almost flat at 99.844.
Markets were also under pressure from geopolitical uncertainty and the prospect of aggressive interest rate hikes globally to tackle rising inflation.