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Exchange rate: the dollar closed slightly lower amid the global decline

After two days of rise, the dollar reversed the trend and closed on Tuesday with a slight decline in the local exchange market, amid the global weakening of the greenback and with a greater appetite for risk assets stimulated by positive corporate results in the United States. United.

At the end of the operations, the price of the dollar It stood at S / 3.9480 in the interbank market, a level lower by 0.03% compared to the S / 3.9490 at the end of Monday, according to data from the Central Reserve Bank (BCR).

The dollar the day started down, but then resumed an upward trend. To attenuate the volatility of the exchange rate, the BCR began to place exchange and interest rate swaps for a total of S / 480 million in five auctions. Likewise, it placed Adjustable Deposit Certificates (CDR) for S / 30 million during the session.

The issuing institute did not sell dollars cash (spot market), however it accumulates sales of US $ 9,728 million so far in 2021.

The greenback resumed a downward trend after last week registering consecutive falls due to the optimism unleashed after changes in the Ministerial Cabinet that is now chaired by Mirtha Vásquez.

However, its losing streak was interrupted after the credit rating agencies Standard & Poor’s (S&P) and Fitch Ratings will offer pessimistic forecasts on the Peruvian economy and sovereign debt.

The market is now waiting for new signals of confidence launched from the Executive that will help to give greater predictability about political management in the medium and long term, according to operators.

Internationally, the US currency was affected by a proliferation of interest rate hikes in other markets.

The index dollar, which compares the greenback to a basket of six prominent coins, fell to 93,501 units for the first time since Sept. 28, before rising to 93,565, accumulating a decline of 0.35% on the day, Reuters reported. .

With the result of the day, the dollar accumulates a gain of 9.09% against the sun so far in 2021, after closing at S / 3,619 last year.

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