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Economy: Exchange rate rises amid fears over economic recovery

He It was trading higher Thursday against the appreciation of the dollar against the sun in line with other currencies in the region, after investors returned to the greenback as a refuge currency amid renewed fears about the recovery of the global economy after the impact of the pandemic of coronaviruses, whose cases continue to increase.

At 10:17 in the morning, the it was trading at S / 3,5069 in the interbank market, a level higher by 0.20% compared to S / 3,5000 at the close of the session on Wednesday.

The United States, the world’s leading economy, contracted sharply in the second quarter, posting a 32.9% drop, the most severe contraction since the government began registration in 1947, the Commerce Department said Thursday. In turn, deaths from COVID-19 have shown increases in some states of the country such as California, Florida and Texas, as reported by Reuters.

“The dollar presents gains due to concerns about the negative impact of COVID-19 that is evident today with the publication of the GDP report for the second quarter in the United Statesanalysts at Banorte said.

On the other hand, in the main city banks, the purchase price of the dollar moved between S / 3,413 and S / 3,500 and the sale price fluctuated between S / 3,530 and S / 3,625 in the morning hours.

While in the exchange houses and streets of the capital (parallel market), the exchange rate was priced at S / 3,495 for purchase and S / 3,530 for sale.

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