He dollar fell 0.06% compared to Tuesday and closed at 39.129 pesos, according to the price of the Central Bank of Uruguay (BCU), so that the US currency put an end to two consecutive days on the rise.
In any case, the bill remains “ironed” this month, awaiting what happens with the global economy. He dollar accumulates a decline of 0.09% and very slight ups and downs in February, although it is still in positive territory so far this year, with an appreciation of 0.27%, thanks to the improvement accumulated in January.
With respect to the reference board of the Republic Bank (BROU)he dollar Retail ticket was offered at 37.90 pesos for purchase and 40.30 pesos for sale. For its part, the preferential value of eBROU dollar It was at 38.40 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 39,100 pesos, while the maximum price was 39,200 pesos, and the minimum was 39,100 pesos. On this day, the number of transactions was a total of 29, with a transaction amount of 14 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 43.08 pesos in the Binance peer-to-peer (P2P) market.
The dollar fails to match market expectations
With this new setback, the dollar cannot reach the expectations of economic agents, which in the last survey of the BCU They anticipated a price of 39.23 pesos for the close of the month, which will be tomorrow.
In the midst of this “ironed-out” scenario, Copom’s decision to pause the bearish cycle of the Reference rate It will not affect the eventual future behavior of the US currency at the local level.
However, investors will be attentive to what happens internationally. In that sense, the president of the Boston Fed, Susan Collins, maintained that the United States Federal Reserve should “take its time” to evaluate the data before making any changes to its monetary policy.
In turn, the president of the Federal Reserve Bank of New York, John Williams, He said that, although inflationary pressures have eased markedly, he is not yet ready to say that everything necessary has been done to bring inflation back to the 2% target.
“As we navigate the rest of this journey, I will focus on the data, the economic outlook and the risks in assessing the appropriate path for monetary policy that best achieves our objectives,” he explained, without venturing when there will be a cut in the cups.
The dollar over the past five days
- February 21 — 39,097
- February 22 — 39,083
- February 23 — 39,063
- February 24 — 39,148
- February 25 — 39,153
Source: Ambito
