The US currency returned to operating in the range it had not reached for 10 months, at the end of 2022.
He dollar rose 0.11% compared to the previous day and closed at 40,019 pesos, according to the price of the Central Bank of Uruguay (BCU), returning to the 40 peso range, in which it had not operated for ten months, at the end of 2022.
In this way, the dollar It opened November on the rise after closing two good months, as it had a very positive September and an October with its highest monthly increase since the pandemic. Thus, it reduced the accumulated fall in the year to just 0.13%, since on December 30 of last year its value had been 40,071 pesos.
On the reference board of the Republic Bank (BROU)he dollar retail ticket It was offered at 38.85 pesos for purchase, and 41.25 pesos for sale. For its part, the preferential value of eBROU dollar It was at 39.35 pesos for purchase, and 40.75 pesos for sale.
The closing price of the day in the Uruguayan Electronic Stock Exchange (Bevsa) It was 40,050 pesos, while the maximum price was 40,050 pesos, and the minimum was 40 pesos. On this day, the number of transactions was a total of 35, with an amount of operations of more than 18.5 million dollars.
Cryptocurrencies 1 to 1 parity with the dollar (stablecoins), such as Tether (USDT)was quoted at an average of 41.40 pesos for online purchases through a bank or card, and from 41.40 pesos to 43.97 pesos in the Binance peer-to-peer (P2P) market.
There is room for a rising dollar after the Fed’s decision
The United States Federal Reserve (Fed) decided today to maintain the interest rates unchanged, in the range between 5.25% and 5.5%, its highest level since 2001. However, its president, Jerome Powell, did not rule out another increase in December, so the note may continue to appreciate against the Uruguayan peso in the coming weeks.
“We are not talking about rate cuts. We are still very focused on the first question: have we achieved a monetary policy stance that is restrictive enough for the inflation decrease in a sustainable way?”, he questioned Powell at a press conference, pointing out that the inflation fall and remain at the 2% target.
Meanwhile, the dollar index rose 0.3% to 106.97, still short of the nearly one-year high of 107.34 hit in early October, thanks to a sharp rise in U.S. bond yields.
The price of the dollar over the last five days
- October 25 — 39,885
- October 26 — 39,959
- October 27 — 39,923
- October 30 — 39,952
- October 31 — 39,974
Source: Ambito
