He dollar fell 0.47% compared to last Thursday, closing at 39,207 pesos, according to the official price of the Central Bank of Uruguay (BCU)closing the week lower, and continuing to operate within the range of 39 pesos.
The value of the North American currency already accumulates a monthly (and annual) variation of 0.47% after increasing more than 0.19 pesos during this month of January. It had closed on (December 29) 2023 at 39,022 pesos.
The retail ticket continues to be sold at 40.50 pesos
On the reference board of the Republic Bank (BROU)he dollar Retail ticket was offered at 38.00 pesos for purchase, and 40.50 pesos for sale. For its part, the preferential value of eBROU dollar It was at 38.50 pesos for purchase, and at 40.00 pesos for sale.
The closing price of the day on the Uruguayan Electronic Stock Exchange (Bevsa) was 39,207 pesos, while the maximum price was 39,250 pesos, and the minimum was 39,150 pesos, values similar to yesterday’s. On this day, the number of transactions was a total of 87, with a transaction amount of 16 million dollars.
The dollar over the past five days
- January 5 — 39,325
- January 8 — 39,339
- January 9 — 39,439
- January 10 — 39,334
- January 11 — 39,393
What can happen in the next few days?
He international context It has been directly influencing the price of the dollar at the local level. Not only because the accumulated depreciation of the currency in 2023 was similar in both markets – around 2.6% – but also because the rises and falls this year are also similar. In fact, the dollar index It has appreciated 0.9% so far in January.
In that sense, the global dollar remains relatively stable, but may be driven by two factors: on the one hand, the inflation in the United States and, on the other, the increase in tension in Middle East.
In the first case, price growth slowed less than analysts expected, and rents rose above forecasts. This may contribute to the Federal Reserve (Fed) confirm a plan rate cut more moderate than considered by operators – whose bet on a first decline in March anchored the value of the currency – so a fall in the greenback would not be the most likely scenario.
The second factor, with Washington and London launching air and sea attacks on Yemen and the price of oil rising due to the escalation of tensions in the Middle East, can lead the markets to understand that there is an obvious risk situation. Consequently, investors with higher risk aversion could take refuge in safe and stable currencies such as, historically, the dollar; which would make the price also tend to rise.
Therefore, if current conditions continue, it is possible that the US currency will experience a improvement in its value in the short termdespite the fact that widespread expectations at the local and global level indicate that 2024 will be a year of weakness for the currency.
Source: Ambito
