# Peru Dollar Exchange Rate: Decline in US Economy Sparks Possible Interest Rate Relaxation by the Federal Reserve – Archyde

> The Peruvian sol closed lower against the US dollar on Friday, with the exchange rate at S/ 3.626 per dollar versus S/ 3.633 on Wednesday, as Thursday was a holiday in Peru. The dollar has fallen about 4.75% so far this year. Most Latin American currencies gained after weaker-than-expected US consumer spending data raised hopes of a pause in Federal Reserve rate hikes.

- Date: 2023-06-30 · published 2023-06-30T12:00:00.000Z
- Category: macro · region Peru · magnitude low
- Page: https://feedsoft.ai/events/35768-peru-dollar-exchange-rate-decline-in-us-economy-sparks-possible-interest-rate
- Commodities: [Peruvian Sol (PEN per USD)](https://feedsoft.ai/c/USDPEN.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A softer dollar and stronger Latin American currencies can lower the local-currency cost of dollar-priced grain and feed imports, modestly supporting import demand. The effect on feed commodity prices is limited and mostly indirect.

## Read by commodity

- DXY: bearish ▼
- USDPEN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-08-26 | [Interest rates: US dollar sinks as traders position for rate cuts by the Federal Reserve](https://feedsoft.ai/events/28691-interest-rates-us-dollar-sinks-as-traders-position-for-rate-cuts-by-the-federal.md) | +0.7% | -0.0% |
| DXY | 2020-11-05 | [Pound-Dollar Rate Rallies 1% As BoE Fails To Mention Negative Interest Rates \| Exchange Rates UK](https://feedsoft.ai/events/50419-pound-dollar-rate-rallies-1-as-boe-fails-to-mention-negative-interest-rates.md) | -0.8% | -2.9% |
| DXY | 2018-03-28 | [US dollar weighed down by trade and interest rate policies \| The National](https://feedsoft.ai/events/66189-us-dollar-weighed-down-by-trade-and-interest-rate-policies-the-national.md) | +0.2% | +1.4% |
| DXY | 2019-06-02 | [The Australian dollar is grinding higher as expectations for rate cuts from the US Federal Reserve build](https://feedsoft.ai/events/58849-the-australian-dollar-is-grinding-higher-as-expectations-for-rate-cuts-from-the.md) | -0.8% | -1.8% |
| DXY | 2020-08-28 | [FED Sparks Currency Rate Moves, Dollar Pares Losses, Pound-Dollar Dips From 2020 Best \| Exchange Rates UK](https://feedsoft.ai/events/51869-fed-sparks-currency-rate-moves-dollar-pares-losses-pound-dollar-dips-from-2020.md) | -0.5% | +1.0% |

## Sources

- archyde.com: https://www.archyde.com/peru-dollar-exchange-rate-decline-in-us-economy-sparks-possible-interest-rate-relaxation-by-the-federal-reserve/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.