The price of the US dollar in Peru opened lower on Wednesday, with traders focused on the release of a consumer inflation report in the United States.
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The exchange rate operates at S/ 3,944 per dollar, a decrease of 0.55% compared to Tuesday’s close at S/ 3,968, according to data from the Bloomberg agency.
So far this year, the greenback accumulates a decline of 1.17% 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/ 3,920 and sold at S/ 3,960, according to the portal. cuantoestaeldolar.pe.
Globally, the euro appreciated on Wednesday, holding just above parity with the US dollar, as traders focused on a US consumer inflation report due out in a few hours.
According to Archyde.com, market watchers were focused on US CPI data to be released later in the day. Economists forecast that US headline inflation accelerated to 8.8% year-on-year in June, a four-decade high.
But the core CPI, which strips out volatile food and energy prices, is expected to retrace the 0.6% monthly rise and cool slightly to 5.7% year-on-year.
Higher-than-forecast inflation would bolster expectations of Federal Reserve rate hikes and push the dollar higher, which might cause the euro-dollar exchange rate to break parity, analysts said.
But traders will be watching for any signs that inflation has peaked, as this might convince the US central bank not to become more aggressive in its future rate hikes.
