EconomyExchange rate: The dollar closed at S/3,910

Exchange rate: The dollar closed at S/3,910

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The price of the dollar in Peru closed higher on Friday, due to a strong global advance of the dollar after solid data on employment in the United States, which for the moment removed the specter of a recession in the world’s leading economy.

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The exchange rate It operates at S/ 3.910 per dollar, an advance of 0.46% compared to Thursday’s close at S/ 3.892, according to data from the Central Reserve Bank of Peru (BCR). So far this year, the greenback accumulates a decline of 2.02% compared to the last price of 2021 at S / 3,991.

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“During the day there was upward pressure due to offshore and corporate demand. US$ 170 million were traded in the market at an average price of S/ 3.9029. Today there were expiry of exchange swaps for sale for S/ 400 million”indicated Gianina Villavicencio, manager of Foreign Exchange Brokerage at Renta 4 SAB Peru.

On the other hand, in the parallel market or the main exchange houses, the dollar it is bought at S/ 3,880 and it is sold at S/ 3,920, according to the portal quantumestaeldolar.pe.

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At the regional level, most Latin American currencies posted losses on Friday, due to a strong global advance of the dollar after a solid data on employment in the United States that for the moment removed the specter of a recession in the world’s leading economy.

Meanwhile, most stock markets posted gains. According to Reuters, US employers hired far more workers than expected in July and the unemployment rate fell to a pre-pandemic low of 3.5%, the strongest evidence yet that the economy was not in recession.

Nonfarm payrolls added 528,000 jobs last month, the Labor Department said in its employment report on Friday, closely watched by markets.

Strong job growth could keep pressure on the Federal Reserve to make a third interest rate hike of 75 basis points at its next meeting in September, though it will largely depend on inflation readings.

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The dollar index, which compares the greenback against a basket of six major currencies, climbed around 0.9%.

Source: Elcomercio

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