EconomyDollar in Peru: what is the exchange rate today,...

Dollar in Peru: what is the exchange rate today, Friday, June 24

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The price of the US dollar in Peru was on the rise in the informal or parallel market today, Friday, June 24, 2022. The exchange rate rose to S/ 3,730 for purchase and S/ 3,770 for sale, according to exchange houses in Lima.

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On the other hand, in the interbank market, the greenback closed at S/ 3,763, according to data provided by the Central Reserve Bank of Peru (BCR).

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So far this year, the greenback accumulates a decline of 5.71% compared to the last price of 2021, at 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 about the economic outlook due to the new variants of the coronavirus.

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Regionally, most Latin American currencies and stocks were trading at a loss on Thursday, amid market and investor concerns about a possible further slowdown in the global economy that could slip into recession.

“The continuous rises in interest rates to curb inflation have put an additional obstacle to the recovery of the economy and there is already open talk about the possibility of a global recession, which increases the nervousness of the markets,” said a operator.

According to the Reuters agency, the day before, the president of the United States Federal Reserve (Fed), Jerome Powell, indicated that the entity is fully committed to controlling prices, even if doing so risks facing an economic recession.

“We are not trying to cause, and I don’t think we need to cause, a recession,” Powell said at a hearing before the Senate Banking Committee, although he acknowledged that a recession was “certainly a possibility” and the events of the last few months in the world have made it more difficult to reduce inflation without causing a drop in activity.

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“It is essential that we bring inflation down if we are to have a sustained period of strong labor market conditions that benefit everyone,” Powell said. The central bank will be looking in the coming months for “convincing evidence” of a slowdown in price pressures before easing interest rate hikes started three months ago.

Source: Elcomercio

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