EconomyExchange rate closes down due to the possibility of...

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


- Advertisement -

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.

- Advertisement -

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

- Advertisement -

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.

Source: Elcomercio

- Advertisement -
I am John Casanova. I am an author at 24 news recorder and mostly cover economy news. I have a great interest in the stock market and have been writing about it for many years. I am also interested in real estate and have written several articles on the subject. I am a very experienced investor and have a lot of knowledge to share with others.


Please enter your comment!
Please enter your name here

Latest news

Craving a dessert? Discover 3 recipes with seasonal fruits

In summer, the fruit options that we can find are irresistible. Although they can be eaten fresh, they...

El Déan Valdivia, mentor of rulers

Juan Gualberto Valdivia Cornejo, who would later be called "mentor of rulers", was born in Yslay, province of Arequipa,...

First planes with international aid arrive in Syria after devastating earthquake

The first planes with supplies and specialized personnel to help in the rescue efforts from the earthquakes arrived today...

Huawei adds the Cabify transport app to its app store

Huawei has incorporated the app cabify to its app catalog on AppGallery, which is now available...

Pereira vs. Nacional online live by Superliga BetPlay 2023: schedules and how to watch

Sports Pereira vs. National Athletic live for the Super League BetPlay 2023 via win sports online ...

Vegan papa a la huancaína: learn how to prepare this recipe with few ingredients

Everything is “veganizable”. Any recipe, even the most complicated, can be made exclusively with ingredients of plant origin,...

Must read

You might also likeRELATED
Recommended to you