Predicting the precise movement of the dollar-now-in-egypt/” title=”The price of the … now in Egypt”>exchange rate is a complex undertaking,as it’s influenced by a multitude of domestic and international factors.
Currently, the downward trend is attributed to several factors, including an increased supply of dollars from exporters, diminished demand from importers, and a prevailing sense of local political and monetary stability.
however, global events, such as shifts in interest rates in the U.S. or geopolitical tensions,possess the potential to reverse this trajectory. Consequently, while the current low pressure might persist in the short term, there’s also a risk of an upward correction should global conditions change.
In this context, Jimmy Astocóndor highlighted that the trajectory of the dollar will hinge on various variables, such as:
The pace of exports: A sustained increase in exports will lead to greater foreign exchange inflows into the country.
A reduction in the U.S. Federal Reserve‘s interest rate: This would likely trigger a significant flow of capital towards emerging economies like Peru, thereby boosting the supply of dollars.
* The performance of the U.S. economy: The economic health of the United States can lead to either a strengthening or weakening of the dollar against currencies such as the Peruvian sol.