Dollar in Peru: What is the exchange rate for today, December 12

The price of the US dollar in Peru trades higher on Monday as a deeply inverted US Treasury yield curve and choppy currency markets underscored simmering concern among investors about economic stagnation next year.

The exchange rate operates at S/ 3,854 per dollar with an advance of 0.84% ​​compared to the close of the previous day, according to the Bloomberg agency.

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/ 3.79 and sold at S/ 3.90, according to data from the portal cuantoestaeldolar.pe.

Global stocks and oil prices struggled to snap out of a four-day losing streak last Friday, as a deeply inverted US Treasury yield curve and choppy currency markets underscored simmering concern among investors for the economic stagnation next year.

Signs that China is easing its COVID restrictions sent Hong Kong’s Hang Seng up more than 3% during the Asian session and pushed the yuan to 3-month highs, but in Europe it was much more subdued.

Benchmark government bond yields also rose after hitting their lowest levels in months ahead of a series of data and meetings of major central banks next week, including the US Federal Reserve, Central Bank European and the Bank of England.

In addition, global bond yields, which move inversely with prices, have fallen in recent weeks on signs that the prospect of recessions will slow interest rate rises.