The US currency appreciated for the second consecutive day and maintains its momentum so far in September.
He dollar It appreciated 0.08% compared to Tuesday and closed at 38,281 pesos, reaching its highest value in just over two months and adding its second consecutive day to the rise, according to the official price of the Central Bank of Uruguay (BCU).
With this slight increase, the US currency has accumulated an improvement of 1.83% so far this month, after a positive August, today reaching its maximum value since last July 6, when it operated at 38,330 pesos. However, the decline so far this year reaches 4.47% and, year-on-year, the depreciation is 5.87%.
With respect to the reference board of the Republic Bank (BROU), he dollar It was offered at 37.05 pesos for purchase, and 39.45 pesos for sale. For its part, the preferential value of eBROU dollar It was at 37.55 pesos for purchase, and 38.95 pesos for sale.
The last operation of the day in the Uruguayan Electronic Stock Exchange (Bevsa) was agreed at 38,270 pesos, while the maximum price was 38,320 pesos, and the minimum was 38,200 pesos. On this day, the number of transactions was a total of 71, with a total transaction amount of more than 36.5 million dollars.
Cryptocurrencies 1 to 1 parity with the dollar as Tether (USDT) were quoted at an average of 40 pesos for online purchases through a bank or card, and from 39.99 pesos to 42.08 pesos in the Binance peer-to-peer (P2P) market.
For its part, the price of dollar Prex It was at 38.11 pesos for purchase, and 38.49 pesos for sale.
Inflation in the United States rises and may influence the dollar
The inflation year-on-year rose for the second consecutive month in USA and, when there are just a few days left for a new meeting of the Federal Reserve (Fed), The agency could decide to maintain or raise the reference interest rates, which are in a range of 5.25% to 5.50%, the highest level in 22 years.
If this occurs, it could result in the dollar become more attractive to Uruguayan investors, thus generating the interbank to continue its path of appreciation.
This occurs after several months where the Uruguayan peso gained ground, generating complaints from some sectors due to the loss of competitiveness. It occurs simultaneously with the 75 basis point reduction in rates for the BCU, which could lead to a similar cut at the next meeting of the Monetary Policy Committee (Copom)
The price of the dollar over the last five days
- September 6 — 37.87
- September 7 — 38.02
- September 8 — 38,117
- September 11 — 38,069
- September 12 — 38,251
Source: Ambito
