Exchange rate: Why did the price of the dollar manage to stay at S / 4.13?

The dollar price The US in Peru fell at the close of the day this Friday, amid the uncertainty over a possible motion of censure against the Minister of Labor and Employment Promotion, Iber Maraví, and threats to nationalize Camisea gas. At the end of operations, the exchange rate was quoted at S / 4.131 per dollar in the interbank market, a slight fall of 0.04% compared to the S / 4.133 at the end of Thursday, according to data from the Central Reserve Bank (BCR).

Renzo Massa explained that this is due to “The Central Bank intervened very aggressively in the market, selling 489 million dollars, which has made the positions of the banks a bit longer.”

“An important issue at the end of the week is that the dollar today it had a setback at the global level. On the day, emerging markets and commodities performed the best and the dollar fell against more developed currencies and currencies from emerging countries “, he pointed out.

He also mentioned that the market is waiting for the monetary policy meeting that will take place on BCR next Thursday, where they will see if the benchmark interest rates are going to rise and find out by how much it would rise. “The market is expecting 25 basis points, but given the inflation data that has come out for September, there is the possibility that the rise will be 25 basis points more. In other words, it is expected that the rate could rise from 1% to 1.50% “added.