In a week where Copom will meet and analysts’ expectations will be known, the bill was close to $38.
He dollar fell 0.07% compared to Monday and closed at 39,055 pesos, according to the price of the Central Bank of Uruguay (BCU), adding its second consecutive loss and being cents away from falling back to the range of 38 pesos, a level it has not touched since last January 26.
In this way, the banknote has accumulated a decline of 0.28% so far this month and, thanks to the positive differential obtained in January, it remains “flat” so far this year, with an improvement of just 0.08 %, which had its ups and downs.
On the reference board of the Republic Bank (BROU) he dollar Retail ticket was offered at 37.85 pesos for purchase and 40.25 pesos for sale. For its part, the preferential value of eBROU dollar It was at 38.35 pesos for purchase and at 39.75 pesos for sale.
The closing price of the day in the Uruguayan Electronic Stock Exchange (Bevsa) It was 39,050 pesos, while the maximum price was 39,100 pesos, and the minimum was 39 pesos. On this day, the number of transactions was a total of 63, with a transaction amount of 38.9 million dollars.
The crypto Tether (USDT)1 to 1 parity with the dollarwas quoted today at an average of 41.10 pesos for online purchases through a bank or card, and from 41.10 pesos to 43 pesos in the Binance peer-to-peer (P2P) market.
The quote of dollar prex It was at 38.85 pesos for purchase, and at 39.25 pesos for sale.
The dollar, waiting for expectations and the reference rate
In the coming days, a series of indicators will be published on the local scene that may affect investors’ decisions and make them turn to the dollar or to other instruments, strengthening the Uruguayan Peso.
First of all, this Wednesday the BCU will publish the Economic Expectations Survey (EEE), where it will be known what value analysts expect for the US currency in the coming months and its eventual correction after what was the first month of the year.
In turn, the monetary authority will publish the Inflation Expectations Survey, where the specialists consulted will specify what they expect from the CPI, something that can impact precisely on the next indicator, that of the interest rate.
In this regard, the Monetary Policy Committee (Copom) will meet this Thursday at 2 p.m. and the members must define whether they maintain the current level of the TPM, which is at 9% after the last cut, or if they decide a new reduction due to the projections on the inflation, which has already been within the target range for eight months.
The dollar over the past five days
- February 9 — 39,163
- February 14 — 39,183
- February 15 — 39,102
- February 16 — 39,137
- February 19 — 39,082
Source: Ambito
