He dollar in Uruguay to have decoupled so far in the month of February from the behavior of the currency internationally, marking its price with ups and downs that keep it flat at 39 pesos.
The increase in the US currency so far this month is 0.05% and maintains a meager accumulated increase of 0.41% so far this year, after rising 0.16 pesos since the last exchange day of 2023 .
The increases in the daily prices of the dollar were marked in February by very low percentages (there was even an exchange day in which it increased by 0.01%), a behavior very different from that of the dollar globalstrengthened in recent weeks by the delays of the United States Federal Reserve (Fed) about when the downward cycle of the reference interest rate will begin.
In the international market, the dollar was operating stable this Thursday. He index dollar it was trading slightly below 104.64, just below the three-month high of 104.97 reached on Wednesday.
He Consumer Price Index (CPI) Tuesday caused investors to curb their expectations of Fed rate cuts, causing a jump in bond yields and the dollar.
He euro It barely changed at $1.0731, while the pound fell 0.13% to $1.2549, after it was learned that the British economy was entering a recession in 2023.
He and in rose on Thursday, with the dollar losing 0.38% to 150.03 yen, despite unexpectedly weak figures from the Gross Domestic Product (GDP) Japanese, which caused the country to lose its title as the third largest economy in the world.
On Thursday, investors saw a roughly 44% chance that the Fed cut rates in May, according to market futures. This marks a sharp decline from early February, when a rate cut was considered certain by then.
Source: Ambito
