The dollar rose, but failed to leave the $37 range behind

The dollar rose, but failed to leave the  range behind

He dollar rose 0.48% this Friday compared to Thursday and was quoted at 37.89 pesos, according to data from the Central Bank of Uruguay (BCU)an increase that was not enough for the currency to leave the range of 37 pesos in which it entered yesterday.

The banknote is going through a more than negative March, with a depreciation of 2.96%, while in the accumulated figure for 2024 the decrease is 2.90%.

The closing price of the day in the Uruguayan Electronic Stock Exchange (Bevsa) It was 37.85 pesos.

On the reference board of the Republic Bank (BROU)he dollar Retail ticket was offered at 36.60 pesos for purchase and 39.10 pesos for sale. For its part, the preferential value of eBROU dollar It was at 37.10 pesos for purchase and at 38.60 pesos for sale.

At a global level, the dollar was heading on Friday toward a second week of gains, in which not even a rate hike in Japan was able to stop its march, and in which a surprising cut in Swiss highlighted the gap between the Federal Reserve and its global counterparts on interest rates.

He dollar indexwhich measures the greenback against six major currencies, rose 0.46%.

Meanwhile, the dollar weakened by 0.12% compared to the japanese yen, to 151.44 units. The dollar has risen about 1.5% this week against the Japanese currency and has approached the levels that prompted Japanese intervention in 2022.

Expectations of monetary policy easing in China They have also put pressure on its currency, for example, which fell sharply in the session in continental markets, spooking equity investors and prompting state banks to intervene.

He yuan It traded at 7.229 units per dollar, while in offshore markets the dollar rose 0.7% to 7.2716 yuan, its biggest daily rise against the yuan in a year.

He Bank of Japan announced a historic shift away from negative short-term rates and long-term profitability limits, but it was so well telegraphed that the yen fell on the news.

The United States Federal Reserve This week it maintained its interest rate between 5.25% and 5.5% and maintained its forecasts of three cuts by the end of the year. But he also said he won’t start moving until he has more confidence that inflation is falling sustainably toward 2%.

Source: Ambito

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