The price of the dollar in Peru closed the week with a strong rise, reaching its highest value in a month, amid a global advance of the dollar and market concerns regarding a tightening of monetary policy in the United States, after statements made the day before by Federal Reserve Chairman Jerome Powell.
The exchange rate ended at S/ 3,770 per dollar, an advance of 0.88% compared to Thursday’s close, at S/ 3,737, according to data from the Central Reserve Bank of Peru (BCR).
So far this year, the greenback accumulates a decline of 5.53% compared to the last price of 2021, at S / 3,991.
“During the day, US$ 277 million were traded at an average price of S/ 3.7673. Today the demand came from offshore, local companies for the payment of dividends and from BCR instruments with exchange rate swaps for sale for S/ 838 million. On the other hand, the issuing entity intervened with exchange rate swaps for S/ 370 million at six months and S/ 400 million at one year”indicated Allison Pérez, foreign exchange trader for Renta4 SAB.
“At the local level, according to Consulting Support, it indicates that the measures that the Pedro Castillo government has taken to curb inflation have not been efficient, since the problem in the country persists”he added
On the other hand, in the parallel market or the main exchange houses, the dollar is bought at S/ 3,735 and sold at S/ 3,780, according to the portal. cuantoestaeldolar.pe.
At the regional level, most currencies and stock markets in Latin America lost ground on Friday, amid a global advance in the dollar and market concerns regarding a tightening of monetary policy in the United States, after statements made the day before by the chairman of the Federal Reserve, Jerome Powell.
According to Archyde.com, a half-point interest rate hike will be “on the table” when the Federal Reserve meets on May 3-4, in what is expected to be a series of credit cost hikes this year, Fed Chairman Jerome Powell said Thursday in comments that pointed to an aggressive set of central bank actions.
With inflation roughly triple the Fed’s 2% target, “it’s appropriate to move a little faster,” Powell said in a discussion of the global economy at International Monetary Fund meetings.
Meanwhile, the dollar index, which compares the US currency against a basket of six major currencies, rose around 0.4%.