The US currency had a daily rise of 0.28% and chained its fifth consecutive increase.
He dollar increased 0.28% compared to the previous day and closed at 39,960 pesos, according to the price of the Central Bank of Uruguay (BCU), so that the US currency chained its fifth consecutive day on the rise.
With this new increase, the dollar is going through a bullish rally that has made it strengthen 2.15% so far this month and cut the depreciation so far this year to 0.28% compared to the end of 2022. At the same time, the US currency was one step away from returning to the strip of 40 pesos, a level that it reached on November 1 and that it had not reached since December 30 of last year.
On the reference board of the Republic Bank (BROU)he dollar Retail ticket was offered at 38.75 pesos for purchase, and 41.15 pesos for sale. For its part, the preferential value of eBROU dollar It was at 39.25 pesos for purchase, and at 40.65 pesos for sale.
The closing price of the day in the Uruguayan Electronic Stock Exchange (Bevsa) It was 39,920 pesos, while the maximum price was 40 pesos, and the minimum was 39,900 pesos. On this day, the number of transactions was a total of 37, with a transaction amount of 17.7 million dollars.
The crypto Tether (USDT)1 to 1 parity with the dollarwas quoted today at an average of 41.84 pesos for online purchases through a bank or card, and from 41.84 pesos to 43.26 pesos in the Binance peer-to-peer (P2P) market.
The quote of dollar prex It was at 39.75 pesos for purchase, and also at 40.15 pesos for sale.
The dollar is approaching the value expected by the market
After completing five consecutive rounds on the rise, the dollar is close to the value that the market expected for the end of 2023. The thing is that, according to the Economic Expectations Survey (EEA) of the BCU, Analysts expected a value of 40.10 pesos for the last day of the year.
The bill rose almost one peso in five days and we will have to see what happens in the coming weeks. In that sense, the United States Federal Reserve (Fed) defined in the last hours to maintain the level of interest rates, which could weaken the dollar at a global level.
However, 17 of 19 officials at the US monetary authority estimated that there will be a cut of 75 basis points over the next year. “Although we believe that our monetary policy rate is at or near its peak for the tightening cycle, the economy has surprised forecasters,” said the Fed Chairman Jerome Powell.
Thus, we will have to be attentive to what happens with the dollar in the international context, while the currency strengthens in the local market, after a November that had been quite negative.
The dollar over the past five days
- December 6 — 39.07
- December 7 — 39,127
- December 8 — 39,308
- December 11 — 39,554
- December 12 — 39.85
Source: Ambito
