Price of the dollar in Peru: What is the exchange rate for today, Monday, October 31

The price of the US dollar in Peru opened higher on Monday, amid expectations for a slowdown in interest rate hikes by the Federal Reserve and the ECB and news that the US economy is not yet in recession.

The exchange rate operates at S/ 3,974 per dollar, an advance of 0.15% compared to the close of the last day, according to the Bloomberg agency.

So far this year, the greenback accumulates a decline of 0.95% compared to the last price of 2021, at S / 3,991.

On the other hand, 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.

Globally, stocks fell for the second consecutive day last Friday, as the weekly loss of almost a trillion dollars of the main technology companies outweighed the hopes of slowing interest rate hikes by the Federal Reserve and the ECB and the news that the US economy is not yet in a recession.

According to the Reuters Agency, European stocks fell almost 1%, as weak forecasts on Thursday from Amazon and Apple sent the technology sector down more than 2% and the prospect of renewed COVID restrictions in China affected mining and oil companies.

Sharp declines in China sent shares in the Asia-Pacific region excluding Japan down 1.9% to 432 points, just above a 2-1/2-year low hit on Monday.