EconomyPrice of the dollar in Peru: What is the...

Price of the dollar in Peru: What is the exchange rate for today, Wednesday, November 30

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The price of the US dollar in Peru trades higher on Wednesday, amid an appetite for risk assets after announcements from China on the COVID raised hopes of an improvement in the situation in the second largest economy in the world.

The exchange rate operates at S/ 3,850 per dollar with an advance of 0.06% compared to Tuesday’s close, according to the Bloomberg agency.

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So far this year, the greenback accumulates a decline of 0.95% compared to the last price of 2021, at S / 3,991.

On the other hand, 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.

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Latin American currency and stock markets appreciated, as appetite for risky assets renewed after China’s announcements about COVID that gave hope of improving the situation in the world’s second largest economy.

China said it will speed up vaccination against the COVID-19 virus among the elderly, aiming to overcome a key stumbling block in efforts to ease unpopular “zero-COVID” policy restrictions. The announcement boosted oil prices -an important generator of foreign currency for the region-, which rose 3%.

“There is some relief in the market from the potential reopening in China,” brokerage Acciones y Valores said. “While Beijing did not announce any concrete steps, it has pledged to bolster vaccination among its senior citizens, which is a move seen as crucial to ending the cycle of Covid Zero policy restrictions.”

Source: Elcomercio

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