Dollar closes Monday’s session down at S/3,773 | ECONOMY

The price of the dollar in Peru closed lower on Monday, after the Central Reserve Bank of Peru (BCR) raise your benchmark interest rate to 5%, a maximum of 13 years.

The exchange rate ended at S/3,773 per dollara decline of 0.40% compared to last Friday’s settlement at S/3.788, according to data from the BCR.

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So far this year, the greenback accumulates a decline of 5.46% compared to the last price of 2021 at S / 3,991.

During the day, the market remained very calm and with little flow. US$99 million were negotiated at an average price of S/3.7830. The demand came from the ‘offshore’, while the supply came from local corporations. Today there were coin repo maturities for S/300 million”, indicated Allison Pérez, currency trader at Renta4.

At a global level, Latin American currencies woke up positive despite the negative economic data in China. On the other hand, the dollar falls 0.11% after having obtained its maximum level of 105 on Friday″ he added.

On the other hand, in the parallel market or the main exchange houses, the dollar it is bought at S/3,755 and sold at S/3,790, according to the portal cuantoestaeldolar.pe.

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At a regional level, most Latin American currencies and stock markets traded with gains on Monday favored by opportunity purchases, while markets digested negative data from China that once again sowed doubts about the health of the world economy.

According to the Reuters agency, the economic activity of China slowed sharply in April as the extension of the Covid-19 lockdowns took a heavy toll on consumption, industrial production and employment, raising fears that the economy could contract in the second quarter.

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Full or partial lockdowns were imposed in dozens of cities in March and April, including a prolonged lockdown in the Shanghai commercial hub, keeping workers and consumers homebound and severely disrupting supply chains.

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