He dollar price It opened the session at S/3.3690, with a drop of 0.148% compared to the previous close of S/3.3720, while the sun began the day with a slight appreciation. Investors are focusing their attention on the Federal Reserve (Fed), which could raise rates for the first time since 2023, on a day in which the decline in oil offers some relief to the markets.
“The Fed’s rate decision will be announced at 1:00 p.m. and the conference will be at 1:30 p.m., Lima time. The reaction of the dollar will depend mainly on the message about the future path of rates and not only on the specific decision“explained Jorge Luis Huayta, FX trader at Kambista. Meanwhile, United States retail sales increased 1.2% monthly in August, above the expected 0.8%, supporting the US Dollar Index (DXY).
In the local market, the supply of dollars continues to favor the sun, in the midst of the start of the seasonal corporate tax week corresponding to the previous month.
Added to this is the performance of copper, which advanced 0.76%, and gold, with an increase of 1.18%, factors that increase the corporate supply of dollars on the local table. Latin American currencies, for their part, operate with mixed signals, while the Emerging Index advances 0.87%.
“Today S/700 million in BCR Purchase Exchange Swaps expire, granting the issuing entity operating margin to cushion downward pressures on the exchange rate and manage liquidity in the face of the day’s volatility.“added Huayta. The market will be especially attentive to the FOMC statement and its new economic projections.
