Dollar falls below S / 4 and touches its lowest value in more than two weeks

The dollar closed on Monday below the psychological barrier of S / 4 in the exchange market after learning that the Peruvian economy posted a growth of 9.71% amid the political noise; while globally the greenback weakened and investors weighed a possible response from the Federal Reserve (Fed) to high inflation expectations.

At the close of operations, the price of dollar it stood at S / 3.9950 in the interbank market, its lowest level since October 29, when the price of the greenback was S / 3.9920. With respect to the close of Friday, the US currency registered a daily decrease of 0.60%, according to data from the Central Reserve Bank (BCR).

The dollar The day began with an upward trend and touched S / 4.0280, but then it depreciated due to the supply of foreign currency from participants in the foreign exchange market.

Traders reported that political uncertainty has pushed up the exchange rate in recent days.

The day before, Walter Ayala resigned from the Defense Ministry after a week in which the Executive could not clarify the questions after the complaints of pressure for promotions in the Armed Forces. Parliament had scheduled an interpellation for this week.

Today the National Institute of Statistics and Informatics (INEI) reported that the Peruvian economy grew by 9.71% year-on-year in September, slightly above a recent projection of the BCR although at its slowest pace since March as it recovers from the effects of the pandemic.

Globally, the dollar it fell back on Monday amid greater risk aversion in the markets.

Reuters reported that the index dollar, which measures the performance of the greenback against a basket of six prominent currencies, fell slightly to 95,058 units, still close to its highest level since July 2020.

With the result of the day, the dollar it cut its profit against the sun to 9.41% so far in 2021, after closing at S / 3,619 last year.