The dollar closed in a maximum of four weeks in the local exchange market due to the demand for foreign currency and despite the fact that the Central Reserve Bank (BCR) came out again to intervene the Central Reserve Bank (BCR) to attenuate the volatility of the rate of change, while globally the greenback strengthened after the surprise number of retail sales in the United States and the growing doubts about the recovery of the global economy.
At the end of the day, the price of the dollar stood at S / 4.1120 in the interbank market, its highest price since August 20 when the greenback hit the record level of S / 4.1170. Compared to the closing of Thursday, the dollar registered a daily advance of 0.15%.
The dollar started the day on the rise and rose to S / 4.1126 in the face of political uncertainty. To contain the advance of the greenback, the issuing institute went out to place interest rate swaps for S / 600 million in two auctions.
Almost at the close of the day the BCR It also went on to sell US $ 116 million in cash, at an average exchange rate of S / 4.1111 for each dollar. With this, the monetary authority accumulated sales of US $ 1,244 million in September and US $ 7,668 million so far in 2021.
The BCR reported that it raised its growth projection for the Peruvian economy from 10.7% to 11.9% for this 2021. However, it cut its projection from PBI from 4.5% to 3.4% by 2022, and also estimated that private investment would grow 0% in that year.
The Economist Julio Velarde He also mentioned that his tenure as president of the BCR It depends on President Pedro Castillo. “I have never wanted to hold on to office. They publicly offered me to stay, I have accepted. It is the president’s decision whether to appoint me or not. If you name me well, if not [es así] also ”, he said during the presentation of the quarterly inflation report.
Globally, the index dollar – which measures the greenback against a basket of six major currencies – was up a slight 0.14%, enough to take the currency to a three-week high.
Retail sales in the United States grew unexpectedly in August, according to data released Thursday, increasing 0.7% from the previous month despite expectations of a 0.8% drop. A business confidence survey also showed great improvement.
Reuters reported that the figures reignite expectations of an anticipated reduction in asset purchases by the Federal Reserve (Fed), which has its two-day policy meeting next week.
With the result of the day, the dollar accumulates a gain of 13.62% against the sun so far in 2021, after closing at S / 3,619 last year.
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