Exchange rate ends day higher with markets awaiting news from the Fed

The dollar price The US in Peru closed higher this Wednesday, with the markets awaiting the minutes of the last meeting of the Federal Reserve of the United States, in search of clues about monetary tightening.

The exchange rate The day ended at S/3.855 per dollar, an advance of 0.08% compared to Tuesday’s close, which stood at 3.852, according to information from the Central Reserve Bank of Peru (BCR). 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, US$346 million was traded at an average price of S/3.85. The BCRP intervened by placing Sale Exchange Swap for S/700 million, indicated Asvim Asencios, Currency Trader at Renta4 SAB. In addition, today there were maturities of Currency Repo for S/400 million and Exchange Swap Sale for S/901 million.

The global dollar was lower after data showed business activity in the US weakened further in November for the fifth consecutive month. The DXY was trading at 106 at the close of the market, awaiting the Fed minutes. In the parallel market or the main exchange houses, the dollar is bought at S/3.84 and sold at S/3.87, according to data from the portal cuantoestaeldolar.pe.

The currencies and stock markets of Latin America exhibited a mixed behavior on Wednesday, in the midst of a global decline in the dollar and with the markets awaiting the minutes of the last meeting of the Federal Reserve of the United States, in search of clues. on monetary tightening.

After a headlong rush this year to raise interest rates, the Federal Reserve shifted this month to a more nuanced approach that was seen as a compromise among policymakers most concerned about high inflation and others concerned that further rate hikes Borrowing costs may weaken the economy or stress markets.

The minutes of the November 1-2 policy meeting, due to be released later on Wednesday, could show the extent to which a disagreement has begun to emerge at the US central bank, at a time when it has ended to the tendency to raise rates early and has started looking for a breakeven point with minor movements to stop them at some point.