The dollar price closed the day at S/3.396 in the foreign exchange market, below the previous close, in a session marked by the global retreat of the US currency.
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The dollar index (DXY) recorded one of its largest intraday drops against its main peers, pressured by the latest inflation data for June and economic growth for the last quarter in the United States.
“The main developed currencies appreciated around 1.5% on average against the dollar, while in Latin America the Colombian peso led the gains. The Peruvian sol registered a more moderate advance of 0.15%,” said Jorge Luis Huayta, FX trader at Kambista.
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In international markets, metals advanced around 2%, while oil futures retreated about 0.9%. In the local market, the exchange rate reached S/3.390 during the morning, a level that motivated partial purchases by pension funds, pushing the quotation up to S/3.396 without the need for intervention by the Central Reserve Bank (BCR).
Market attention will be focused on the publication of the Consumer Price Index (CPI) for July, which the INEI will release this Friday. A result in line with the expected inflation convergence will be a key factor for the next monetary policy decision of the BCRP, scheduled for August 13.
