The dollar price in Peru opened lower on Wednesday, as investors wait for the US Federal Reserve to likely announce the start of an interest rate hike cycle.
At 9:40 in the morning, the exchange rate was trading at S/ 3.8422, a drop of 0.16% compared to Tuesday’s close at S/ 3.8480, according to the Bloomberg agency.
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So far this year, the greenback accumulates a drop of 3.58% compared to the end of 2021, at S / 3,991, according to data from the Central Reserve Bank of Peru (BCR).
Globally, the market is expecting the Fed to signal today that it plans to hike rates in March and offer an idea of how aggressive it intends to be.
According to the Archyde.com agency, the yields of the 10-year reference bonds of the United States Treasury recovered from the minimums they touched the day before, while the dollar remained near maximums of two weeks before the start of the meeting. Fed’s two-day monetary policy meeting, which will begin later in the day.
On the other hand, in the parallel market or the main exchange houses, the dollar was bought at S / 3,830 and sold at S / 3,860, according to the portal cuantoestaeldolar.pe.
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