Dollar closes at S/ 3,849 on Monday after new economic announcements from the MEF

The price of the dollar in Peru ended Monday with a rise, amid new announcements by the Ministry of Economy and Finance (MEF) in which it reduces its economic growth projection to between 3.5% and 4%. for this year.

The exchange rate closed at S/ 3,849 per dollar, an increase of 0.37% compared to Friday’s price, at S/ 3.835, according to data from the Central Reserve Bank of Peru (BCR).

So far this year, the greenback accumulates a drop of 3.56% compared to the end of 2021, at S / 3,991.

During the day, two foreign exchange swap auctions were placed for S/ 399.9 million. Also interest rate swap for a term of three months for S/ 50 million at the average rate of 3.39%.

In addition, one-week deposits for S/ 1,500 million were auctioned at an average interest rate of 2.99%, and overnight deposits for S/ 6,600 million at an average rate of 2.81%.

Globally, nerves over the Federal Reserve meeting on Wednesday added to the mix. The US central bank is expected to confirm that it will soon start draining the massive pool of liquidity that has supercharged growth stocks in recent years.

According to the Reuters agency, although Treasury bonds recovered at the end of last week, the 10-year debt yield continues to accumulate a rise of 22 basis points so far this month, to 1.77%. , and it’s not far from levels last seen in early 2020.

This increase has generally supported the dollar which climbed 0.5% last week and gained 0.1% in the session, to 85,647 units.

At the local level, the Minister of Economy and Finance, Pedro Francke, also indicated that private investment in Peru will grow between 0% and 2% this year.

On the other hand, in the parallel market or the main exchange houses, the dollar it was bought at S/ 3,820 and sold at S/ 3,860, according to the portal cuantoestaeldolar.pe.