Exchange rate closes down due to the possibility of a relaxation in monetary policy by the Fed

The dollar price The US in Peru closed lower this Thursday, given the possibility of a relaxation in monetary policy by the United States Federal Reserve (Fed), after the minutes of its last meeting, in a day of little business due to a holiday in the United States.

The exchange rate ended the day at S/3.854 per dollar, a slight decline of 0.026% compared to Wednesday’s close, which stood at 3.855, according to information from the Central Reserve Bank of Peru (BCR). So far this year, the greenback has accumulated a 4.03% decline compared to the last price of 2021, at S/ 3,991.

There was little trading flow in the market due to the Thanksgiving holiday in the United States and only US$67 million was traded at an average price of 3.8448. The BCRP did not intervene, indicated Asvim Asencios, Currency Trader at Renta4 SAB. The price of gold rose to a high of almost a week before the weak dollar with the DXY trading at 105 at the close of the market after the minutes of the FED indicated that the pace of interest rate hikes could slow soon .

Likewise, copper prices rose, given market optimism for greater support for the Chinese real estate sector. In the parallel market or the main exchange houses, the dollar is bought at S/ 3.83 and sold at S/ 3.86, according to data from the portal cuantoestaeldolar.pe.

Most of the Latin American stock markets showed gains on Thursday, encouraged by the possibility of a relaxation in monetary policy by the United States Federal Reserve (Fed), after the minutes of its last meeting, in a day Low business due to a holiday in the United States.

According to Reuters Agency, a “substantial majority” of Federal Reserve policymakers agreed at a meeting earlier this month that it would “probably soon be appropriate” to slow the pace of rate hikes. interest, when the debate grows on the repercussions of the rapid tightening of monetary policy, according to the minutes of the session.

Minutes from the November 1-2 meeting, in which the Fed raised its interest rate by three-quarters of a percentage point for the fourth time in a row, showed that officials were largely content to stop early rate hikes. and moving in smaller, more deliberate steps as the economy adjusted to more expensive credit.