The dollar price The US in Peru is trading lower at Tuesday’s open, as investors waited for US Federal Reserve Chairman Jerome Powell to deliver his testimony at a Senate hearing.
The exchange rate traded at S / 3,926 per dollar in the exchange market, according to the Bloomberg agency, a decrease of 0.20% compared to Monday’s close, at S / 3,934.
According to the Central Reserve Bank of Peru (BCR), the greenback accumulates a decline of 1.43% so far in 2022, compared to the result recorded at the end of last year (S / 3,991)
The foreign currency registered an appreciation of 10.28% at the end of 2021 due to the impact of political uncertainty and doubts regarding the economic outlook due to the new variants of the coronavirus.
“The Peruvian exchange rate continues to present upward pressure in the fourth quarter of 2021, which is associated with both domestic and external factors.”said the BCR in its latest inflation report.
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Globally, the dollar struggled to find a definite trend Tuesday and was trading within recent ranges, as investors waited for US Federal Reserve Chairman Jerome Powell to deliver testimony at a later Senate hearing. that day.
World stocks were higher, following a late-session Wall Street rally on Monday, while Treasury yields posted slight gains. Equity markets have had a weak start to the year, on bets that the Fed will take a more aggressive stance to tighten its monetary policy this year.
According to Archyde.com, investors expect Powell to provide clues to the expected pace of interest rate hikes this year when he answers questions from the Senate Banking Committee, which is expected to approve him a second four-year term as head of the Fed.
On the other hand, in the parallel market or the main exchange houses, the dollar was bought at S / 3,910 and sold at S / 3,950, according to the portal cuantoestaeldolar.pe.
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