Dollar closed higher and is trading at S / 3.87 this Tuesday | Exchange rate | BCR | ECONOMY

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The price of the dollar in Peru closed higher on Tuesday, amid a favorable global performance of the greenback, following a rise in the yield on US Treasury bonds.

The exchange rate ended the day trading at S/ 3,870 per dollar, an advance of 0.38% compared to Monday’s close, at S/ 3.855, according to the Central Reserve Bank of Peru (BCR).

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So far this year, the greenback accumulates a decrease of 3.03% compared to the end of 2021, at S / 3,991.

During the day, six-month interest rate swaps were placed for S/ 50 million at an average rate of 3.80%, as well as foreign exchange swaps for sale for S/ 300 million at nine months, at an average rate of 0.39%.

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In addition, three-month readjustable certificates of deposit were placed for S/ 200 million at an average rate of 0.19%. On the other hand, the BCR sold $12 million to a exchange rate average of S/ 3,870 to curb the rise in dollar.

Globally, the dollar hit a six-day high on Tuesday, following a rise in US Treasury yields, while the yen stabilized following the Bank of Japan said it will maintain its ultra-loose monetary policy, causing it to depreciate once morest the yen. green ticket.

According to the Archyde.com agency, the Federal Reserve will meet next week. It is expected to raise interest rates in March for the first time since the start of the coronavirus pandemic, with investors forecasting four hikes in total during 2022.

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As investors brace for the possibility of the Fed being tougher than expected, bond yields are soaring. That of two-year paper – which follows expectations of short-term rates – exceeded 1% for the first time since February 2020.

The return on US 10-year debt also hit a two-year high.

On the other hand, in the parallel market or the main exchange houses, the dollar it was bought at S/ 3,840 and sold at S/ 3,880, according to the portal quantumestaeldolar.pe.

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