The dollar continues to fall and is already looking askance at $37

The dollar continues to fall and is already looking askance at

The note had a strong daily drop of 0.61% and is at values ​​that it has not reached since the end of September.

Photo: Unsplash

He dollar fell 0.61% compared to Wednesday and closed at 38,404 pesos, according to the price of the Central Bank of Uruguay (BCU), completing its third consecutive day in decline, within the framework of a negative streak that took the ticket close to the 37 peso range.

After maintaining a relatively “ironed” value at the beginning of the year, the us currency It began to decline in recent days and has accumulated a depreciation of 1.65% so far in March, after having today reached its lowest value since September 26, 2023, when it was worth 38,285 pesos.

Regarding its value so far this year, the dollar accumulates a decline of 1.58% compared to the end of last year, as a result of a slightly positive January and a downward February.

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A day with more than 100 transactions

On this day, the number of transactions was a total of 106, with a transaction amount of 53.5 million dollars, while the closing price of the day in the Uruguayan Electronic Stock Exchange (Bevsa) It was 38,410 pesos, while the maximum price was 38,450 pesos, and the minimum was 38,390 pesos.

On the reference board of the Republic Bank (BROU)he dollar Retail ticket was offered at 37.20 pesos for purchase and 39.60 pesos for sale. For its part, the preferential value of eBROU dollar It was at 37.70 pesos for purchase and at 39.10 pesos for sale.

The crypto Tether (USDT)1 to 1 parity with the dollarwas quoted today at an average of 41.85 pesos for online purchases through a bank or card, and from 41.29 pesos to 42.70 pesos in the Binance peer-to-peer (P2P) market.

The dollar, contrary to the international scenario

In this way, the banknote behaved inversely to what happened on the global stage, since the dollar index closed with an increase of 0.6%, in a day marked by new inflation data of USA, that alerts the Federal Reserve (Fed).

It is that he Producer Price Index (IPP) of the United States increased to 1.6% in February, exceeding expectations of 1.1% and with a rise in the cost of goods such as fuel and food. Still, investors are still betting on the Fed to make its first rate cut. rate this year at the June meeting.

The dollar over the past five days

  • March 7 — 38,761
  • March 8 — 38,756
  • March 11 — 38,811
  • March 12 — 38,789
  • March 13 — 38,641

Source: Ambito

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