Dollar closes at S / 3.97 and touches the low of more than three months

The dollar fell for the fourth consecutive day on Wednesday and hit a minimum in more than three months when it fell below S / 4 in the foreign exchange market before the supply of currencies, amid a global advance of the greenback after data from the inflation in the United States that showed prices rose solidly in September, raising expectations that the Federal Reserve (Fed) will announce a reduction in stimulus next month.

At the end of the day, the price of dollar it stood at S / 3.9750 in the interbank market, its lowest level since last July 13 when it closed at S / 3.9770. With respect to yesterday’s closing, the greenback registered a daily fall of 1.61%, according to data from the Central Reserve Bank (BCR).

The US currency began the session with a downward trend due to the supply of Dollars of investors. Operators reported that this behavior has been registered since the changes in the Ministerial Cabinet of President Pedro Castillo.

“The departure of Guido Bellido and the changes in the Cabinet has reduced political uncertainty. With the departure of members of the radical wing of Peru Libre, there is less stress in the exchange market “said a bank treasurer.

Unlike previous days, the BCR it only intervened with the placement of Adjustable Deposit Certificates (CDR) for S / 200 million. However, the monetary authority accumulates cash sales of US $ 392 million in October and US $ 9,638 million in the year.

At the international level, dollar it was trading near a one-year high on Wednesday following US inflation data. The Consumer Price Index rose 0.4% in September, above the 0.3% rise expected by the market. In the 12 months to September, the CPI rose 5.4%, outpacing the 5.3% year-on-year advance in August, Reuters reported.

The index dollar – which compares the greenback to a basket of six prominent currencies – depreciated slightly to 94,311 units for the first time since late September 2020, backed by higher bond yields.

With the result of the day, the dollar it cut to 9.84% its accumulated profit against the sun so far in 2021, after closing at S / 3,619 last year.