The dollar rose 0.10% compared to the last day and closed today in 38,194 pesosaccording to the official price of the Central Bank of Uruguay (BCU), and, with this new increase, the North American currency adds three consecutive days to the rise and already accumulates an appreciation of the 2.10% so far in July.
Despite the monthly increase, the US currency accumulates a setback of more than 4.68% so far this year with respect to the end of 2022. In addition, year-on-year the drop is more than 7.01%.
The dollar continues to weaken worldwide and the correlation that this general behavior of the currency may have in Uruguay is once again in the eye of the storm, in a predominant scenario of moderate increases during the current month
Risk aversion in the markets continued for another day in the world’s most important stock markets, and while stocks rose, the US currency weakened to a minimum in the last 15 months.
After the positive inflation data in USA, operators begin to doubt whether, indeed, the Federal Reserve (Fed) will comply with the announced interest rate increases for the remainder of the year.
The BCU lowered its projections in its latest Survey of Economic Expectations and reported that market agents expect that, for the current year, the dollar will close at 39.97 pesos on average, which would imply an increase by the end of the calendar year from 4.65%.
The retail dollar is sold below 39.5 pesos
On the reference board of the Republic Bank (BROU)the dollar was offered to 37.00 pesos for the buysand 39.40 pesos for the sale. On the other hand, the preferential value of the eBROU dollar He was in 37.50 pesos for the buysand 38.90 pesos for the sale.
The last operation of the day in the Electronic Stock Exchange of Uruguay (Bevsa) was agreed in 38,200 pesos, while the maximum price was 38,250 pesos, and the minimum of 38,150 pesos. On this day, the number of transactions was a total of 39with a total amount of operations of more than $19.5 million.
1 to 1 parity cryptocurrencies with the dollar as Tether (USDT) traded on an average of 39.8 pesos for online purchase through a bank or card, and from 39.8 pesos to 41.99 pesos in the peer-to-peer market (P2P) from Binance.
The price of the dollar over the last five days
- July 6 — 38.33
- July 7 — 38,116
- July 10 — 38,031
- July 11 — 38,124
- July 12 — 38,157
Source: Ambito
