The global dollar hits its lowest level in more than a month and there could be a local impact

The global dollar hits its lowest level in more than a month and there could be a local impact

November 6, 2023 – 10:08

The dollar index fell 0.2%, to 104.85 units, its lowest level in six and a half weeks. In the local square, it was away from $40.

Photo: Pixabay

He dollar extended its fall this Monday globally, after registering last week its biggest decline since July, after the United States Federal Reserve (Fed) toned down his hardline speech and for US data to show signs of moderation.

He dollar index It fell 0.2%, to 104.85 units, its lowest level in six and a half weeks, after falling 1.4% last week. In parallel, the euro improved 0.2%, to a seven-and-a-half-week high of $1.0756.

Global stocks also had their strongest week in a year last week, as expectations that the Fed is not going to raise interest rates further.

Other indicators, such as weak US labor data, weaker manufacturing numbers and a decline in the performance of treasury bonds In the longer term, they also harmed the dollarwhile fueling the rises in pound sterling and of Australian dollarwhile they caused the and in rebound from the weaker side of 150 units per dollar, Reuters reported.

The behavior of the dollar in Uruguay

He dollar in Uruguay It closed last week chained to the general performance of the US currency, falling from the range of 40 pesos just one day after having entered it, after more than 10 months without reaching that price.

With a drop of 0.49% at the close of trading on Friday, the dollar It was sold at 39,821 pesos according to data from the Central Bank of Uruguay (BCU).

In this way, it widened the gap for the year from 0.13% to 0.62%. And in just the two exchange sessions that November has had so far, the accumulated decline is 0.38%.

Regarding the reference board of the Republic Bank (BROU)he dollar retail ticket It was offered at 38.65 pesos for purchase, and 41.15 pesos for sale. For its part, the preferential value of eBROU dollar It was at 39.15 pesos for purchase, and 40.65 pesos for sale.

Source: Ambito

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Posts