US Dollar Closes Lower at S/3.365 in Peru

The US dollar closed down 0.21% at S/3.365 in Peru, falling from its previous close of S/3.372. The decline came even as the greenback rose internationally, with the DXY index climbing 0.07%.

US consumer inflation met estimates, while wholesale data pushed traders to price an 86% probability of a 25 basis point rate hike at the 15 and 16 September Federal Reserve meeting, according to Kambista FX trader Jorge Luis Huayta. Oil fell, with WTI dropping 2.28%. Meanwhile, gold rose 0.58%, silver advanced 0.96%, and copper climbed 0.87%.

Locally, the Central Reserve Bank of Peru kept its reference interest rate at 4.25%. Peru also reported a July trade balance surplus of $3,308 million, beating the forecast of $3,120 million on resilient metal shipments.

Trading volume reached $171.4 million during the session, which was slightly below the daily average. The exchange rate moved from an intraday high of S/3.369 to a low of S/3.362. Over the full week, the currency registered a 0.03% move compared to S/3.364 the prior Friday, fluctuating between S/3.353 and S/3.374.