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Today, Tuesday, July 5th, price in euro fell against the dollar due to fears of a global recession.
The euro fell nearly 1% to $1.03, hitting its lowest level since December 2002 as the latest released economic data points to growing risk recession in the eurozone.
According to the agency, the European currency is under pressure from the uncertainty of the war in Ukraine and problems with Russian gas supplies.
In addition, the publication of the Composite Purchasing Managers Index in Europe indicates the risk of growth slowdown at the end of the second quarter
Meanwhile, the dollar is also being pushed by the more aggressive monetary policy of the US Federal Reserve System (FRS).
In this situation, the price Euro approaches parity with the dollar for the first time since its inception in 1999.
“Rising recession fears are driving the euro lower while the dollar is rising on bets that the Fed will continue to aggressively raise rates to curb inflation,” City Index expert Fiona Sincotta (AFP) told Agence France-Presse.
Estimated globally since the beginning of the year Euro lost 9.4% against the dollar.
How much is a euro in Peru?
The Central Reserve Bank (BCR) indicates that today the price of the euro in Peru fell from S/3992 to S/3962 at the interbank level.
In addition, the TMC states that over the past 12 months price in euro fell by 15.12%.
For its part, the cualestaeldolar.pe platform indicates that exchangers buy euros at S/4.02 and sell at around S/4.15.
Source: RPP
I am Dylan Hudson, a dedicated and experienced journalist in the news industry. I have been working for Buna Times, as an author since 2018. My expertise lies in covering sports sections of the website and providing readers with reliable information on current sporting events.