He dollar fell 1.04% compared to Tuesday and closed at 38,095 pesos, according to data from the Central Bank of Uruguay (BCU), reaching its lowest price in the last 6 months.
With this setback, the US currency operates at levels it has not reached since September 20, 2023, when it was quoted at 38,053 pesos, aggravating the exchange delay and being one step away from returning to the 37 peso range, which has not been touched since that same month.
With this decrease, the banknote has accumulated a pronounced fall of 2.43% so far in March, which is on track to be the one with the greatest depreciation in recent months. Meanwhile, if the end of 2023 is taken, the dollar fell 2.38%.
On the reference board of the Republic Bank (BROU)he dollar part ticket, the preferential value of the eBROU dollar It was at 37.30 pesos for purchase and in retail it was offered at 36.80 pesos for purchase and 39.20 pesos for sale. For its 38.70 pesos for sale.
The closing price of the day in the Uruguayan Electronic Stock Exchange (Bevsa) It was 38 pesos, while the maximum price was 38,300 pesos, and the minimum was 38 pesos. On this day, the number of transactions was a total of 52, with a transaction amount of 25.9 million dollars.
The crypto Tether (USDT)1 to 1 parity with the dollarwas quoted today at an average of 41 pesos for online purchases through a bank or card, and from 40.30 pesos to 42.72 pesos in the Binance peer-to-peer (P2P) market.
The Fed’s decisions weakened the dollar
The fall of dollar in it Uruguayan exchange market had its correlation with what happened at a global level, after the decision of the United States Federal Reserve (Fed) to keep interest rates stable, as expected. The dollar index, which measures the US currency against six important trading partners, fell 0.34%.
Although the US authorities projected three rate cuts this year, as they had been anticipating, they clarified that they will not occur until there is a sustained drop in the rate. inflation.
The president of the Fed, Jerome Powell “He is trying to tell everyone that nothing has changed in the short term, that he is still confident that inflation will continue. “That’s her main message during the press conference,” he said. Thierry Wizman, global currency and interest rate strategist at Macquarie in New York.
The dollar over the past five days
- March 13 — 38,641
- March 14 — 38,404
- March 15 — 38,454
- March 18 — 38,389
- March 19 — 38,499
Source: Ambito
