During the day of Tuesday, June 18, the dollar in Peru closed lower, in an environment of caution regarding the outlook for interest rates on the part of the Federal Reserve.
The exchange rate ended the day at S/ 3,783 per dollar, a drop compared to Monday’s close of S/ 3,795, according to data from the Bloomberg Agency.
So far this year, the greenback has accumulated a decline of 2.78 compared to the last quote in 2023, at S/ 3,807.
READ ALSO: Dollar rebounds to S/ 3.78, why is there nervousness about the Fed’s decision?
In the parallel market or the main exchange houses, the dollar is bought at S/ 3,783 and sold at S/ 3,796, according to data from the portal quéestaeldolar.pe.
Likewise, the average price in the banking market is S/ 3,760 for purchase and S/ 3,800 for sale.
READ ALSO: 98% of financing for Peruvian companies is now only up to one year
Latin American currencies fell on Monday, with investors continuing a path of selling the currencies of Brazil and Mexico, the main economies of the region, in the face of internal political and fiscal concerns, in an environment of caution about the outlook for interest rates. interest on the part of the Federal Reserve.
Globally, markets are revolving around expectations of cuts in the cost of credit by the Fed, which at its meeting last week signaled only one decline for the year after a persistent inflation. Operators, meanwhile, continue to hope for a reduction in September.
The Federal Reserve could cut its benchmark interest rate once this year, Philadelphia Fed President Patrick Harker said Monday, if its economic forecasts come true.
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