HomeEconomyHow does the conflict...

How does the conflict affect the price of the dollar in Peru?

The dollar remains stable in Peru, but the conflict puts it at risk. | Font: Andean

adUnits.push({
code: ‘Rpp_economia_economia_Nota_Interna1’,
mediaTypes: {
banner: {
sizes: (navigator.userAgent.match(/iPhone|android|iPod/i)) ? [[300, 250], [320, 460], [320, 480], [320, 50], [300, 100], [320, 100]] : [[300, 250], [320, 460], [320, 480], [320, 50], [300, 100], [320, 100], [635, 90]]
}
},
bids: [{
bidder: ‘appnexus’,
params: {
placementId: ‘14149971’
}
},{
bidder: ‘rubicon’,
params: {
accountId: ‘19264’,
siteId: ‘314342’,
zoneId: ‘1604128’
}
},{
bidder: ‘amx’,
params: {
tagId: ‘MTUybWVkaWEuY29t’
}
},{
bidder: ‘oftmedia’,
params: {
placementId: navigator.userAgent.match(/iPhone|android|iPod/i) ? ‘22617692’: ‘22617693’
}
}]
});

During this week, price in dollars retained its volatility. Although it started with a fall on the first day of this week, it began to rise on Tuesday, and then fell again in the last two days, why did this happen?

According to Washington Lopez, CEO of Washington Capital, this is due to disorder countries due to early elections, which weakened our currency, which a few months ago was one of the four strongest in the region.

“Strengthening dollar At the global level, it is because of this crisis that we are experiencing, when dollars are not coming in because of this political risk, that foreign and private investment is falling, which is causing the depreciation of the exchange rate, ”he referred to the Economy for All program. in RPP news.

The political situation affects not only the course, but also reduces the prospects for growth, the specialist recalled.

“The social crisis has greatly affected the economy, even BCR He lowered his expectation from 3% to 2.4%, while other organizations have forecasts of less than 2%,” he explained.

Despite the conflict, the dollar does not exceed S / 4

However, despite the negative outlook, the exchange rate did not break the S/4 barrier, as it did last year when Pedro Castillo was still president. This, according to Washington Lopez, is due to a good job. metals.

“Let’s remember that mining generates 14% of GDP and more than 52% of exports, for which the exchange rate volatility depends on the behavior of these metals (gold and copper), because when their value increases, exports increase and more value. (dollars) are included in the economy,” he explained.

How do they influence Fed decisions?

Washington recalled that there is another more influential factor on the exchange rate, and this is the interest rate, which depends on the decisions of the Federal Reserve System.

“United States of America This led to more aggressive rate hikes, which led to the dollar strengthening around the world last year against the Brazilian real, Colombian peso and Peruvian sol; but the prospect of a rate hike is very positive, because inflation in the US is 8% and the goal is to bring it down to 2%, which strengthens the dollar, but hurts the economy as a whole,” he stressed.

Source: RPP

- A word from our sponsors -

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

- A word from our sponsors -

Read Now

Mother and Sin settled in a circle after three Plenid flights (video)

Mother and son - the grapes of Margarita and Ruslan - unexpectedly met at today's exchange after three years of captivity after Azovstal left in Maripul. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation;...

In Bell House, they were a goat goat in a scandal with a signal date

US Secretary of Defense Pitt Hegset will be released using data leakage. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } The politician writes about this. The head...

The American congressman-prisoners wrote a post for Putin on the shell

The American congressman-regional Brian Fizpatrick wrote a message for Putin in the shell. The armed forces helped with delivery. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } Fitzpatrick, who arrived...