The dollar is strengthened with its second consecutive rise

The dollar is strengthened with its second consecutive rise

He dollar 0.11% rose compared to Wednesday and closed at 43,421 pesos, according to the price of the Central Bank of Uruguay (BCU), so that the American currency chained two consecutive days up and recovers in the middle zone of the 43 pesos strip.

The green ticket thus maintains the positive sign at the monthly level, with a rise of 0.69%, contrary to a global dollarwhich moves away from the maximum values ​​that it reached in January and today did not finish impulse but to a rise in the inflation greater than expected in USA.

Anyway, when analyzing the annual accumulated, the American currency is 1.46% below the closure of 2024.

On the reference board of the Republic Bank (Brou)he dollar Retail ticket offered 42.20 pesos for purchase and 44.60 pesos for sale. For its part, the preferential value of the Ebrou dollar It was at 42.70 pesos for the purchase and in 44.10 pesos for sale.

The closure price in the Uruguay Electronic Stock Exchange (Bevsa) It was 43,390 pesos, while the maximum price was 43,500 pesos, and the minimum of 43,390 pesos. A total of 34 transactions were made, with an amount of operations for more than 17.7 million dollars.

The crypto Tether (USDT), of parity 1 to 1 with the dollarhe quoted this afternoon on an average of 47.07 pesos for the purchase in line with a bank account or by card, and from the 45.60 pesos to the 47.79 pesos in the peer-peer (P2P) market of Binance .

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Inflation expectations are misaligned and can have an impact

The BCU spread on Tuesday the expectations of financial markets and the report reflected an upward adjustment for the inflation, Something that had already happened with the rest of the economic agents.

Punctually, the forecast is an CPI of 5.90% by 2025 that reaches 6% by 2026. If the index is analyzed at 24 months, coinciding with the Monetary policy horizon (HPM), the projection reaches 6.10%, exceeding the target range.

This could impact the decision of the Monetary Policy Committee (Copom), which will meet this Thursday with the possibility of defining a possible rise in the interest rates, According to the signals that the market shows, which could have an impact on the price of the dollar.

In fact, financial markets anticipated a rise of 25 basic points, to carry the Monetary policy rate (TPM) at 9%, while considering that in the coming months it will reach 9.25%.

The dollar during the last days

  • February 5 – 43,481
  • February 6 – 43,482
  • February 7 – 43,428
  • February 10 – 43,313
  • February 11 – 43,373

Source: Ambito

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