Dollar in Peru today, Monday, May 23: Exchange rate: The dollar ended at S/3,718 | ECONOMY

The price of the dollar in Peru closed lower on Monday, after 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/ 3,718 per dollara correction of 0.3765% compared to Friday’s close at S/ 3,732, 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 6.84% compared to the last price of 2021 at S / 3,991.

“Today’s session began with the opening of the market at 3.7160, there was an ‘offshore’ offer, which at the levels that the exchange rate fell, they began to buy local corporations”, says Javier Bernaola, Foreign Exchange Trader at Renta4 SAB.

US$ 185 million were traded in the market at an average price of 3.7130. In addition, currencies in LATAM woke up appreciating and the dollar index (DXY) trading at 102.14 at market close.

On the other hand, in the parallel market or the main exchange houses, the dollar it is bought at S/ 3,700 and it is sold at S/ 3,735, according to the portal

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At the regional level, Latin American stock and currency markets were trading with large gains, amid a significant decline in the dollar in the face of a greater appetite for risk assets, after comments by US President Joe Biden on China, and with agents attentive to the minutes of the Federal Reserve.

According to the Reuters agency, the interest in today’s risk assets was based on Biden’s announcement that the trade tariffs imposed on China by the previous administration will be discussed.

“Investors see in it a possible de-escalation of the trade war between the two economic superpowers, which has revived commercial optimism towards riskier assets”, said Pierre Veyret, technical analyst at ActivTrades.

The post Dollar in Peru today, Monday, May 23: Exchange rate: The dollar ended at S/3,718 | ECONOMY appeared first on Archyde.

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