the price of the dollar was at S/ 3,764, with an advance of 0.29% compared to the closing of its last session at S/ 3,753, according to data from the Central Reserve Bank of Peru (exceeding estimates, generating expectations of aggressive interest rate hikes in the world’s largest economy.
Therefore, today, Sunday, June 12, the exchange rate was quoted at S/ 3,764 according to data from the Central Reserve Bank of Peru (BCR).
So far this year, the greenback accumulates a decline of 5.69% compared to the last price of 2021, at S / 3,991.
“During the day there was upward pressure due to offshore demand, while supply came from corporations selling dollars to pay taxes. US$ 214 million were traded on the market at an average price of S/ 3.7761″indicated Gianina Villavicencio, Manager of Foreign Exchange Brokerage at Renta4 SAB Peru.
On the other hand, in the parallel market or the main exchange houses, the dollar it is bought at S/ 3,740 and it is sold at S/ 3,780, according to the portal, cuantoestaeldolar.pe.
At a regional level, the currencies and stock markets of Latin America operated with losses on Friday, dragged down by the negative performance of global markets after inflation in the United States exceeded estimates, generating expectations of aggressive interest rate hikes in the largest economy in the world.
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According to the Archyde.com agency, consumer prices in the United States accelerated in May because gasoline reached an all-time high and the cost of services continued to rise, suggesting that the Federal Reserve could continue with its 50 basis point hikes in interest rates until September to combat inflation.
The Consumer Price Index (CPI) rose 1.0% last month after gaining 0.3% in April, the Labor Department said on Friday. Economists polled by Archyde.com had forecast the monthly CPI to rise 0.7%.
“Strong monthly inflation could suggest the Fed is guiding more explicitly that policy rates continue to rise by 50 basis points or more until actual inflation data convincingly accelerates.”said Veronica Clark, an economist at Citigroup in New York.
Also, the index dollarwhich measures the greenback against a basket of six major currencies, rose about 0.9%, boosted by a rise in US Treasury yields.