He dollar was quoted on the last business day of March upwards, rising 0.12% and selling at 37.55 pesos, according to the interbank of the Central Bank of Uruguay (BCU).
In March, the US currency lost 1.50 pesos of its value, that is, 3.83%, contrary to what happened globally where it was strengthened thanks to the monetary policy of the United States Federal Reserve (Fed) that has been postponing the start of the rate cut.
In the exchange market of Uruguayhe dollar accumulated a loss of 3.77% during the year, once again triggering the debate about the exchange rate delay and the loss of competitiveness. The Rural Federation On Wednesday, he asked for an exchange rate of 58 pesos.
On the reference board of the Republic Bank (BROU), the retail dollar bill was offered at 36.35 pesos for purchase and 38.85 pesos for sale. For its part, the preferential value of eBROU dollar It was at 36.85 pesos for purchase and at 38.35 pesos for sale.
The closing price of the day in the Uruguayan Electronic Stock Exchange (Bevsa) It was 37,552 pesos. On this day, the number of transactions was a total of 63, with a transaction amount of 43.8 million dollars.
In the money market in national currency, 20 transactions were carried out for an amount of 4,280 million pesos at the average annual effective rate of 9.12%.
At a global level, the dollar was on track to post a quarterly profit after investors lowered their expectations for big interest rate cuts amid strong economic data and central bank reluctance.
“Investors await the PCE price index report (Underlying inflation) from the United States for this week, awaiting clues on the monetary policy of the Federal Reserve“, indicated the Acciones y Valores brokerage in a note.
“The dollar strengthens on the possibility that US interest rates remain high while other economies reduce theirs, prompting traders to seek the dollar as a haven,” he added.
Source: Ambito
