The dollar in peru closed lower on Wednesday, following a series of weak data suggesting the US economy is finally slowing once morest a backdrop of a series of large rate hikes by the Federal Reserve.
The exchange rate ended the day at S/ 3,843 per dollara fall of 0.10% compared to Tuesday’s close of S/ 3,847, according to the Central Reserve Bank of Peru (BCR).
US$ 425 million were negotiated at an average price of S/ 3.8327, indicated Asvim Asencios, Currency Trader at Renta4 SAB.
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“During the day, the dollar was pressured upwards by the foreign exchange swap maturities for sale of S/ 500 million. The offer came from corporations due to the start of paying taxes, bringing the dollar to a minimum level of S/ 3,823″, he added.
So far this year, the greenback accumulates 0.95% compared to the last price of 2022, at S/ 3,807.
Parallel market
In the parallel market or the main exchange houses, the dollar is bought at S/ 3.82 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/ 3,837 for purchase and S/ 3,842 for sale.
dollar globally
The reports on Wednesday reinforced expectations that the Fed will continue to reduce its pace of tightening in upcoming meetings.
US retail sales fell more than expected in December, as purchases of motor vehicles and a variety of other goods declined, putting consumer spending and the broader economy on a weaker growth path in 2023.
Other data showed that US producer prices fell more than expected in December as the cost of energy products and food fell, offering further evidence that inflation is receding.
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