The note chained its fifth consecutive day on the rise and is looking forward to what will happen this Wednesday with rates in the United States.
He dollar increased 0.31% compared to Monday and closed at 39,171 pesos, according to the price of the Central Bank of Uruguay (BCU), So the US currency continues to appreciate and has already risen for five consecutive days.
In this way, the dollar begins to slowly align with the expectation of the market with respect to its value, it remains above the range of 39 pesos and accumulates a growth of 0.38% so far this month, when compared to the end of December of last year.
On the reference board of the Republic Bank (BROU)he dollar Retail ticket was offered at 37.95 pesos for purchase and 40.35 pesos for sale. For its part, the preferential value of eBROU dollar It was at 38.45 pesos for purchase and at 39.85 pesos for sale.
The closing price of the day in the Uruguayan Electronic Stock Exchange (Bevsa) It was 39,150 pesos, while the maximum price was 39,250 pesos, and the minimum was 39,100 pesos. On this day, the number of transactions was a total of 63, with a transaction amount of 32.6 million dollars.
The crypto Tether (USDT)1 to 1 parity with the dollarwas quoted today at an average of 40.56 pesos for online purchases through a bank or card, and from 41.24 pesos to 43.03 pesos in the Binance peer-to-peer (P2P) market.
The price of the dollar Prex It was at 39 pesos for purchase, and also at 39.40 pesos for sale.
The market, attentive to the Fed’s decision
He global dollar yesterday showed a downward trend, with a fall of 0.07% in the dollar index, which remained at 103.39 units. In any case, the US currency remains relatively stable awaiting what will be the decision of the United States Federal Reserve (Fed) on interest rates.
“You may feel more confident than you did in December that rates are restrictive enough to reduce inflation,” he said. Marc Chandler of Bannockburn Global Forex in New York.
Chandler added that “the Fed It could also suggest that you don’t want rates to be too restrictive, as your goal is to create a soft economic landing.
In this way, what indicates Powell tomorrow at a press conference can be a predictor of what will happen with the dollar internationally, something that will undoubtedly have an impact on the Uruguayan market.
The dollar over the past five days
- January 23 — 38,685
- January 24 — 38,707
- January 25 — 38,954
- January 26 — 38,986
- January 29 — 39.05
Source: Ambito
