The US currency closed at $38,149, breaking a streak of two consecutive trading days higher.
The dollar fell after two consecutive days on the rise.
Photo: Freepik
He dollar fell 0.35% compared to the previous day and closed at 38.149 pesos, according to the price of the Central Bank of Uruguay (BCU), thereby ending a streak of two consecutive days of growth.
In this way, after an August with ups and downs in which it also showed an appreciation, the interbank continues with the positive trend in September, since it has increased 1.48% so far this month. The situation is different in 2023, with a decrease of 4.80% compared to the end of 2022.
Beyond today’s setback, the dollar could continue to appreciate against the Uruguayan Peso on the international stage. Even more so taking into account the recent increase in year-on-year inflation in USA, which could lead to the Federal Reserve (Fed) maintain or raise reference interest rates.
If this scenario is confirmed, the Monetary Policy Rate is reducing in Uruguay, with a latest cut of 75 basis points, while the market expects a similar reduction for the next meeting of the Monetary Policy Committee (Copom), which could turn savers towards the greenback.
The retail dollar is offered at less than 37 pesos for purchase
On the reference board of the Republic Bank (BROU), the dollar It was offered at 36.95 pesos for purchase, and 39.35 pesos for sale. For its part, the preferential value of eBROU dollar It was at 37.45 pesos for purchase, and 38.85 pesos for sale.
The last operation of the day in the Uruguayan Electronic Stock Exchange (Bevsa) was agreed at 38,130 pesos, while the maximum price was 38,160 pesos, and the minimum was 38,130 pesos. On this day, the number of transactions was a total of 41, with a total transaction amount of more than 30.5 million dollars.
Cryptocurrencies 1 to 1 parity with the dollar as Tether (USDT) were quoted at an average of 39.92 pesos for online purchases through a bank or card, and from 39.92 pesos to 42.13 pesos in the Binance peer-to-peer (P2P) market.
The price of the dollar over the last five days
- September 7 — 38.02
- September 8 — 38,117
- September 11 — 38,069
- September 12 — 38,251
- September 13 — 38,281
Source: Ambito
