Exchange rate closes upwards before markets attentive to possible restrictions due to COVID-19 cases

The dollar price The US in Peru closed higher this Tuesday, while the markets’ attention is focused on China given a panorama of possible new restrictions caused by the detection of more COVID-19 infections.

The exchange rate The day ended at S/3.844 per dollar, an advance of 0.37% compared to Friday’s close at S/3.830, according to information from the Central Reserve Bank of Peru (BCRP). So far this year, the green ticket accumulates a 4.03% decline compared to the last price of 2021, at S / 3,991.

During the day there was demand from non-residents. US$289 million were traded in the market at an average price of S/3,848, said Asvim Asencios, Foreign Currency trader at Renta4 SAB. The BCRP intervened by placing S/450 million Sales Exchange Swap for three months and Repo of Currencies for S/400 million at an average rate of 7.43%.

In addition, today there were maturities of Currency Repo for S/500 million and Exchange Swap Sale for S/172 million. In the parallel market or the main exchange houses, the dollar is bought at S/3.83 and sold at S/3.87, according to data from the portal cuantoestaeldolar.pe.

The coins of Latin America They were mixed on Tuesday amid a global decline in the dollar as most stock markets posted losses, with markets’ attention on China amid possible new restrictions due to more COVID infections.

According to Reuters Agency, the dollar was stabilizing on Tuesday, after rallying the previous day as investors flocked to the safe-haven currency on concerns about COVID outbreaks in China, while bitcoin was pressured by fears of a new contagion after the collapse of the FTX crypto exchange.

“What is happening in China will take center stage”said Joseph Capurso of the Commonwealth Bank of Australia. “There seems to be some (…) increased restrictions on the movement of people, and I think there will be unavoidable economic impacts”.