At the end of the week, the USD/PEN increased to a high of 3.7248 and then settled at 3.7108, mainly driven by a broad-based PEN weakness, and the US
The USD is consolidating on Friday while investors await next week’s Fed decisions.At the end of the week, the USD/PEN increased to a high of 3.7248 and then settled at 3.7108, mainly driven by a broad-based PEN weakness, and the US Dollar is consolidating, seeing losses against its rivals. As the Banco Central de Reserva del Peru continues through its easing cycle, more upside for the pair may be on the horizon, as the Federal Reserve’s tightening cycle is not done yet.25 basis points to 7.
On the US side, for next week’s Federal Reserve decision, a pause is practically priced in, but investors will closely monitor Chai Powell’s tone and the policy statement to look for clues on forward guidance.
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