He dollar in peru closed higher, as markets digested as-expected US inflation data that increased the likelihood that the Federal Reserve will adopt a less restrictive monetary policy.
The exchange rate ended the day at S/ 3,861 per dollar, a slight increase compared to Monday’s close of S/ 3,860, according to data from the Bloomberg Agency.
So far this year, the green ticket accumulates 1.42% compared to the last price of 2022, at S/ 3,807.
READ ALSO: Banking earned S/ 2,500 million due to exchange rate volatility in 2022
US$ 485 million were traded in the market at an average price of S/ 3.8609, said Asvim Asencios, Currency Trader at Renta4 SAB
“During the day there was upward pressure due to demand from non-residents, with the dollar reaching a maximum level of S/ 3,865″, he added.
Parallel market
In the parallel market or the main exchange houses, the dollar is bought at S/ 3.85 and sold at S/ 3.85, according to data from the portal cuantoestaeldolar.pe
Likewise, the average price in the banking market stands at S/ 3,849 for purchase and S/ 3,854 for sale.
dollar globally
Latin American currencies were mixed on Tuesday as markets digested a much-expected US inflation data that raised the likelihood that the Federal Reserve will ease monetary policy.
The US CPI rose 0.5% month-on-month in January, as the market expected, the Labor Department said on Tuesday.
READ ALSO: Gold falls on dollar strength ahead of US inflation data.
The data caused the dollar to fall to its lowest level in almost two weeks, since despite the fact that there was a rise in prices compared to the previous month, they registered the smallest annual advance since October 2021.
“Once the expected inflation data for the United States is known, investors’ attention will now be focused on statements by Fed officials that could provide additional clues about the next moves in interest rates.s,” a trader told Archyde.com.
However, futures traders linked to the Federal Reserve’s key interest rate on Tuesday stood by their bets that the US central bank will raise the cost of credit at least two more times, after reports that inflation accelerated in January, but posted its smallest annual increase in more than a year.