The price of the dollar in Peru closed lower on Tuesday, following the Central Reserve Bank of Peru (BCR) raised its reference interest rate to 5%, a maximum of 13 years.
The exchange rate ended at S/ 3,704 per dollara correction of 0.3780% compared to Monday’s close at S/ 3.718, according to data from the Central Reserve Bank of Peru (BCR).
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So far this year, the greenback accumulates a decline of 7.19% compared to the last price of 2021 at S / 3,991.
“Today’s session began with the opening of the market at 3.7100, we had a minimum of 3.6900, there was a flow of corporates, AFPs renewing and banks suing, covering positions. In addition, US$405 million were traded on the market at an average price of 3.7170″, says Alexander Javier Bernaola, currency trader at Renta4 SAB.
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Currencies in LATAM woke up depreciating and the dollar index (DXY) trading at 101.80 at market close.
The IMF does not expect a global recession despite a difficult year, it is expected that we will have a growth of 3.6% for this year, they also point out that other challenges are included, such as a tightening of world interest rates and a slowdown in the Chinese growth.
On the other hand, in the parallel market or the main exchange houses, the dollar it is bought at S/ 3,680 and it is sold at S/ 3,730, according to the portal quantumestaeldolar.pe.
At a regional level, most Latin American currency and stock markets were devalued on Tuesday, erasing part of the previous day’s gains, due to a negative external outlook and while operators remain attentive to central bank measures to control rising inflation.
According to the Archyde.com agency, the falls return following two days of earnings that avoided diagnosing the ‘bear market’, when fears regarding growth in the face of the necessary adjustment by the Fed, which would be far from over, “said a note from the brokerage Actions and values.