While Peru registers a political crisis, the sun grows stronger and the dollar continues the downward trend. According to the Central Reserve Bank (BCR), the greenback closed today’s trading session at S/3.3875.
This is the lowest result since May 2020 when it was listed at S/3,386. According to data from the BCR, with this closing of the session, the greenback has already accumulated a decline of 9.93% so far this year and 10.15% in 12 months.
According to Asvim Asencios of Currency Trader in Renta4 SAB, the dollar fell under pressure due to expectations of rate cuts from the United States Federal Reserve (FED) and tensions with China.
“Despite slight gains against the yen, Treasury bond yields remained low, weakening the dollar. The euro and the yuan gained ground, while markets remain attentive to French politics and possible interventions in Japan,” he said.
Likewise, he indicated that a depreciation of 185 basis points was observed compared to Wednesday’s close, which was S/3,406. During the day, the supply came from corporate companies, while the demand came from international companies and maturities in Exchange Swap Sale for S/450 million.
“The dollar had a minimum level of S/3,382 and a maximum price of S/3,395. US$171 million was traded in the market at an average price of S/3.3887,” he explained.
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