Exchange rate: Dollar closes down at S/3.97 due to lower risk aversion

The exchange rate ended at S/3,979 per dollar, a decline of 0.28% compared to Friday’s settlement at S/3,990, according to the Central Reserve Bank of Peru (BCR).

So far this year, the greenback accumulates a loss of 0.30% compared to the last price of 2021 at S / 3,991.

Today US$278 million were traded in the market at an average price of S/3.9803, said Alexander Javier Bernaola, Foreign Exchange trader for Renta4 SAB. “Today’s session began with the opening of the market at S/3.9800, local banks covering positions, AFPs offering in the market and corporates demanding. The BCR placed exchange swap sale for S / 250 million to three months “he pointed.

In the parallel market or the main exchange houses, the dollar is bought at S / 3.96 and sold at S / 3.99, according to data from the portal cualestaeldolar.pe.

In our country, the unemployment rate in Lima rose to 7.7% in September, a higher percentage than that recorded in the previous report (7.3%), according to the National Institute of Statistics and Informatics (INEI).

Globally, the new British finance minister, Jeremy Hunt, rolled back much of a £45bn “mini-budget” that had pushed the pound to record lows and had forced the Bank of England to intervene, causing major turbulence. international.

“Market sentiment is improving globally as monetary policy tightening, expectations of a more durable stance and much higher rates are being priced in”said Pierre Veyret, a technical analyst at ActivTrades. “That said, investors will be watching corporate results this week cautiously, in order to get a more accurate view of how the current tighter liquidity environment is affecting earnings.”, he added. Agents will also be watching for the release of the US manufacturing index.