The dollar in peru closed higher this Tuesday, following the release of a weak report on manufacturing activity in the United States, which raised concerns regarding the risk of a global recession.
The exchange rate closed the day at S/ 3,847 per dollar, an advance of 0.44% compared to Monday’s close of S/ 3,830, according to data from the Central Reserve Bank.
So far this year, the green ticket accumulates 0.60% compared to the last price of 2022, at S/ 3,807.
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Asvim Asencios, currency trader at Renta4 SAB, points out that during the day the demand came from local corporations, with the dollar reaching a maximum level of 3.8480. In addition, US$ 361 million were traded at an average price of 3.8414.
“The BCRP intervened placing S/ 550 million Swap Sale for 3 months. Today the Exchange Swap Sale for S/ 250 million expired”, adds.
Copper prices rose to a 7-month high as analysts expect higher copper prices this year. The Chinese economy grew by 3% last year, one of the weakest numbers shown in recent years. Fears of a possible recession in the main economies this year caused a higher demand for gold.
Parallel market
In the parallel market or the main exchange houses, the dollar is bought at S/ 3.82 and sold at S/ 3.85, according to data from the portal cuantoestaeldolar.pe
Likewise, the average price in the banking market stands at S/ 3,815 for purchase and S/ 3,822 for sale.
dollar globally
Stocks fell on Tuesday following China’s 2022 growth slump halted its New Year rally and kept investors on edge over the risk of a global recession, while the yen traded near a seven-month high before a key decision of the Bank of Japan.
According to the Archyde.com Agency, world stock markets had advanced so far in 2022, encouraged by hopes of a rebound in the Chinese economy and an easing of price pressures in the United States and Europe.
However, Chinese data showed the world’s second-biggest economy grew 2.9% in the fourth quarter of last year, beating expectations but underscoring the toll taken by Beijing’s strict “zero COVID” policy.
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