He dollar It is heading to close an October with a positive balance, since it has accumulated an improvement of 3.55% so far this month, settling in the range of 39 pesos, although without exceeding it.
On Friday, the dollar fell 0.09% compared to Thursday and closed the week at 39.923 pesos, breaking a streak of three consecutive days of increase, according to the price of the Central Bank of Uruguay (BCU).
Regarding the annual variation, the US currencyIt had a negative variation of 0.37% so far this year, although the decrease reached 1.59% year-on-year.
Anyway, the exchange rate It is close to what the market expects. The fact is that, in their latest expectations report, the analysts and entities consulted by the BCU They estimated that the dollar It will end October at 39.71 pesos, while it expects it to end the year in the range of 40 pesos, which it has not reached since the end of last year.
Regarding the reference board of the Republic Bank (BROU)he dollar bill Retailer was offered on Friday at 38.70 pesos for purchase, and 41.20 pesos for sale. For its part, the preferential value of eBROU dollar It was at 39.20 pesos for purchase, and 40.70 pesos for sale.
Markets with expectations in central banks
European stock indexes rose on Monday as investors focused on the outlook for interest rates ahead of a busy week of central bank meetings and economic data.
Investors are awaiting the results of the meetings of the Bank of Japan on Tuesday, the United States Federal Reserve on Wednesday and Bank of England on Thursday, as well as Chinese manufacturing data on Tuesday and US employment data on Friday.
Decisions and data will be analyzed for any clues that central banks have raised rates enough to combat inflation and may look toward easing monetary policy again.
The performance of the 10-year Treasury bonds stood at 4.8857%, having risen around 31 basis points this month. Confidence will be tested this week when the US Treasury announces its refinancing plans, and further increases are likely.
The sharp rise in market borrowing costs has convinced analysts and markets that the Federal Reserve will keep rates steady at its monetary policy meeting this week.
Meanwhile, the dollar index was down about 0.1% at 106.450, and the euro was up 0.2% on the day, at $1.05825.
Source: Ambito
