The US currency closed with a daily drop of 0.05% and started February with a slight decline.
He dollar showed a daily decrease of 0.05% compared to Thursday and closed at 39,054 pesos, according to the price of the Central Bank of Uruguay (BCU), completing its third consecutive day of decline and remaining cents away from falling back to the 38 peso range.
The US currency thus maintains a negative level in February, with a decrease of 0.28% in its value. However the dollar It still accumulates a slight improvement of 0.08% so far this year, thanks to its appreciation in January.
On the reference board of the Republic Bank (BROU)he dollar Retail ticket was offered at 37.80 pesos for purchase and 40.30 pesos for sale. For its part, the preferential value of eBROU dollar It was at 38.30 pesos for purchase and at 39.80 pesos for sale.
The closing price of the day in the Uruguayan Electronic Stock Exchange (Bevsa) It was 39,030 pesos, while the maximum price was 39,100 pesos, and the minimum was 39,030 pesos. On this day, the number of transactions was a total of 22, with a transaction amount of almost 11 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 41.67 pesos to 42.96 pesos in the Binance peer-to-peer (P2P) market.
Expectation for the future of interest rates
After the United States Federal Reserve (Fed) decided to keep interest rates unchanged this month, the expectation in Uruguay begins to focus on what will happen in 20 days in the Monetary Policy Committee (Copom).
The authorities of the BCU will meet next Tuesday the 20th to define the new Monetary Policy Rate (TPM), after a year marked by a sharp cut in rates, where it relaxed the contractionary phase of monetary policy.
During 2023, the BCU led the rate reductions at the regional level, going from 11.5% to the current level of 9%. However, he anticipated that the cycle of cuts may end, unless inflation expectations remain aligned with what the monetary authority foresees.
The dollar over the past five days
- January 25 — 38,954
- January 26 — 38,986
- January 29 — 39.05
- January 30 — 39,171
- January 31 — 39,164
Source: Ambito
