The US currency maintains its downward trend in November and threatens to return to the $38 range.
He dollar remained stable compared to the previous day and closed at 39,091 pesos, according to the price of the Central Bank of Uruguay (BCU), so it fell one cent and threatens to deepen its downward trend and return to the range of 38 pesos.
The US currency thus maintains a negative November, with a decrease of 2.21% so far this month and a depreciation that has reached 2.45% since the end of 2022, which counteracted the escalation that the dollar had starred in the previous months.
Regarding the reference board of the Republic Bank (BROU)he dollar Retail ticket was offered at 37.85 pesos for purchase, and 40.25 pesos for sale. For its part, the preferential value of eBROU dollar It was at 38.35 pesos for purchase, and at 39.75 pesos for sale.
The closing price of the day in the Uruguayan Electronic Stock Exchange (Bevsa) It was 39,070 pesos, while the maximum price was 39,120 pesos, and the minimum was 39,070 pesos. On this day, the number of transactions was a total of 22, with a transaction amount of 13.5 million dollars.
The crypto Tether (USDT)1 to 1 parity with the dollarwas quoted today at an average of 40.60 pesos for online purchases through a bank or card, and from 40.60 pesos to 43.18 pesos in the Binance peer-to-peer (P2P) market.
The quote of dollar prex It was 38.90 pesos for purchase, and 39.30 pesos for sale.
The dollar falls around the world and is moving away from what the market expects
He global dollar continues to decline and fell to levels it did not reach more than three months ago, at a time when it is expected that the United States Federal Reserve (Fed) announce a cut in reference interest rates.
This scenario finds its correlation in Uruguay, with a downward bill and that is far from what the market expected according to the last BCU Economic Expectations Survey, where the analysts consulted anticipated a dollar at 39.95 pesos by the end of November.
However, just two days from that date, everything seems to indicate that the projected figure will be far away and the price will be reviewed in the next survey.
The dollar over the last five days
- November 22 — 39,136
- November 23 — 39,297
- November 24 — 39,246
- November 27 — 39.2
- November 28 — 39,092
Source: Ambito
