The dollar fell after five days, but still recorded its third consecutive weekly rise

The dollar fell after five days, but still recorded its third consecutive weekly rise

September 13, 2024 – 16:57

The US currency fell 0.74% and returned to the $40 range, on a tough day for the US currency globally.

Photo: Pixabay

He dollar fell 0.74% compared to Thursday, when it closed at almost two-year highs, closing at 40.767 pesos, according to the exchange rate. Central Bank of Uruguay (BCU), thus ending its five-day winning streak and falling back from the 41 pesos range.

The greenback thus remained in tune with the international panorama, since the global dollar reached minimum levels in anticipation of investors that the United States Federal Reserve (Fed) could move forward next week with a 50 basis point cut in interest rates, higher than the 25 basis point drop previously expected.

On the reference board of the Republic Bank (BROU), he dollar The retail bill was offered at 39.55 pesos for purchase and 42.05 pesos for sale. For its part, the preferential value of the eBROU Dollar It was at 40.05 pesos for purchase and 41.55 pesos for sale.

Crypto Tether (USDT)1 to 1 parity with the dollarwas quoted today at an average of 44.58 pesos for online purchases with a bank account or card, and from 42.30 pesos to 45.32 pesos in the Binance peer-to-peer (P2P) market.

Despite the decline, the dollar closed with a significant weekly rise

The setback on Friday meant the withdrawal of the 41 pesos range for the US currency, which in any case dollar closed a more than positive week, with a rise of 1.04% and reaching its third consecutive weekly rise, reaching its highest value in two years and leading the president of the BCU, Washington Ribeiro, clarify that there will be no intervention in the foreign exchange market.

Meanwhile, if we compare the evolution of the greenback so far this month, the improvement is 1.07% and the appreciation so far this year reaches 4.47%, with a partial correction of exchange rate lag as demanded by some sectors.

The dollar throughout the previous days

  • September 6 — 40,346
  • September 9 — 40,389
  • September 10 — 40,437
  • September 11 — 41,027
  • September 12 — 41,071

Source: Ambito

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