Markets: Dollar | Exchange rate closes lower due to higher sale of dollars for

The price of the dollar in Peru closed down this Tuesday due to an increase in the supply of the US currency by local banks and amid investor caution due to the next speech by the president of the United States Federal Reserve (Fed ), Jerome Powell.

He exchange rate ended today at S / 3,572 in the interbank market, a fall of 0.44% compared to the S / 3,588 at the close of Tuesday, according to data from the Central Reserve Bank (BCR).

Latin American markets operated with disparate trends on the day, with cautious investors avoiding big moves the day before the Fed chairman’s speech.

The top executive of the Federal Reserve was getting ready to speak virtually on Thursday at the annual conference of central banks in Jackson Hole, where he could announce a new framework of stimuli to move the economy forward in the face of the pandemic of the coronavirus.

The greenback today moved away from the maximum of 18 years reached in the previous session due to market concerns about the new tensions between the Executive and the Legislative before the approval of the law that allows the withdrawal of funds from the Office of Social Security Normalization (ONP) and the rule that allows automatic promotion in the health sector.

In the parallel or informal market, the exchange rate is quoted at S / 3.602 for the sale and S / 3.575 for the purchase.