The price of the dollar in Peru was stable on Monday, despite a global rise in the greenback, accompanied by expectations for a meeting to be held by the Federal Reserve (Fed).
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The exchange rate was trading at S/ 3,836 at 9:45 am, according to the Bloomberg agency. This performance meant a very slight advance of 0.02% compared to Friday’s close at S/ 3,835.
According to the Central Reserve Bank of Peru (BCR), so far this year, the US currency has accumulated a decrease of 3.90% compared to the price at the end of 2021, at S/ 3,991.
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Globally, nerves over the Federal Reserve meeting on Wednesday added to the mix. The US central bank is expected to confirm that it will soon start draining the massive pool of liquidity that has supercharged growth stocks in recent years.
According to the Archyde.com agency, although Treasury bonds recovered at the end of last week, the 10-year debt yield continues to accumulate a rise of 22 basis points so far this month, to 1.77%, and it’s not far from levels last seen in early 2020.
That rise has generally supported the dollar, which rose 0.5% last week and gained 0.1% in the session, to 85,647 units.
On the other hand, in the parallel market or the main exchange houses, the dollar was bought at S / 3,815 and sold at S / 3,860, according to data from the portal cuantoestaeldolar.pe.
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