The dollar cut the streak and consolidates itself in the mid-range of $41

The dollar cut the streak and consolidates itself in the mid-range of

October 8, 2024 – 16:44

The US currency rose 0.93% and ended its series of four consecutive days of decline.

Photo: Vecteezy

He dollar rose 0.93% compared to Monday and closed at 41,543 pesos, according to the price of the Central Bank of Uruguay (BCU), so that the US currency ended four consecutive days of decline and returned to be within the middle zone of the 41 peso range.

At the same time, the US currency reduced the negative differential and has accumulated a decrease of 0.23% so far this month, somewhat below the expectations of economic agents. On the other hand, in the year-on-year comparison, the dollar It has an appreciation of 6.46%.

On the reference board of the Republic Bank (BROU), he dollar Retail ticket was offered at 40.50 pesos for purchase and 42.70 pesos for sale. For its part, the preferential value of eBROU dollar It was 41 pesos for purchase and 42.20 pesos for sale.

The closing price in the Uruguayan Electronic Stock Exchange (Bevsa) was 41,600 pesos, while the maximum price was 41,620 pesos, and the minimum was 41,350 pesos. A total of 58 transactions were carried out, with a transaction amount of more than 28.4 million dollars.

The crypto Tether (USDT), 1 to 1 parity with the dollarwas quoted today at an average of 44.63 pesos for online purchases with a bank account or card, and from 42.50 pesos to 45.81 pesos in the Binance peer-to-peer (P2P) market.

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The momentum of the global dollar

The local exchange market left behind four days of decline, under the impulse of the global dollar, that although today it operated with some stability, it has been rising for consecutive days, while investors are beginning to believe that the lowering of the rates of the United States Federal Reserve (Fed) It will be gradual and not abrupt.

Added to this is the market’s concern about the surveys that do not rule out a possible approval of the PIT-CNT plebiscite on social security, something that in recent weeks led foreign investors to get rid of nominal sovereign bonds in pesos for about 700 million dollars.

The dollar during the previous days

  • October 1 — 41,884
  • October 2 — 41,804
  • October 3 — 41,670
  • October 4 — 41,316
  • October 7 — 41,161

Source: Ambito

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