He global dollar rose this Thursday awaiting key economic data in USAthat further clear up doubts about the moment that the Federal Reserve (Fed) to start cutting interest rates. Meanwhile, in Uruguay The currency reached its lowest value in more than five months.
He dollar index, which measures the performance of the US currency against a basket of six major currencies, rose 0.14% to 102.89. The indicator has ignored the data inflation to US consumption on Tuesday, which exceeded forecasts, and has remained largely unchanged since then. So far this year, it is up about 1.5% as data has shown the U.S. economy remains strong, causing investors to pause their bets on quick, deep interest rate cuts. .
He euro fell 0.1%, to $1.0937, without any major European economic data injecting volatility, bringing its annual drop to around 0.9%. The pound sterling rose slightly to 1.2806 dollars, accumulating an increase of 0.6% for the year.
For its part, the Federal Reserve will meet next week, although the general expectation is that it will keep rates stable.
In Uruguay, the dollar hit a minimum in more than five months
In Uruguay, and amid increasing concern about the exchange delay, he dollar It also fell once again, in line with the international scenario although with a greater loss of value: at the close of trading yesterday it fell 0.38% and was listed at 38,641 pesos, according to data from the Central Bank of Uruguay (BCU).
In this way, the greenback hit a minimum in more than five and a half months, while continuing to move away from the expectations of economic agents. Likewise, and with two consecutive losses, the US currency also seems to leave behind its character “ironing” to move towards a trend towards weakness in the price, with a decline of 1.04% so far this month, and 0.98% so far this year.
This year, the lowest value reached by the dollar It had been registered on January 23, when it reached 38,685 pesos. However, with yesterday’s price (38,641 pesos), it approached the value of September 29 of last year, which was 38,556 pesos – after leaving behind the range of 37 pesos and advancing in a bullish streak that allowed it, even quote a single day over 40 pesos.
Source: Ambito
