Dollar closes lower at S/3.85 before offer from local corporations for CTS payments

The price of the US dollar in Peru closed lower this Monday, amid greater aversion to risky assets, following comments by a US Federal Reserve official that moderated expectations of a relaxation in the tightening of the monetary politics.

The exchange rate ended the day at S/3,850 per dollar, a fall of 0.16% compared to Friday’s close at S/3,856, according to the Central Reserve Bank of Peru (BCR). So far this year, the green ticket has accumulated a 3.53% decline compared to the last price of 2021, at S / 3,991.

Today, US$376 million were negotiated in the market at an average price of S/3.8615, indicated Gianina Villavicencio, manager of Foreign Exchange Brokerage at Renta4 SAB. “During the day there was downward pressure due to the offer of local corporations for CTS payments. Today foreign exchange swaps were placed for S / 200 million for three months with an average rate of 3.87% ”, she pointed out.

In the parallel market or the main exchange houses, the dollar is bought at S/3.84 and sold at S/3.875, according to data from the portal cuantoestaeldolar.pe.

Globally, Fed Governor Christopher Waller said on Sunday that the Fed could consider slowing the pace of interest rate hikes at its next meeting, but that should not be seen as “softening up” in their battle. against inflation. Markets should now pay attention to the “end point” of rate hikes, not the pace of each move, signaling that it is probably “a long way off,” Waller said in response to a series of questions on monetary policy at an economic conference hosted by UBS in Australia, adding that it “depends on inflation.”