The dollar returned to the $39 range and reached its highest value in almost 3 months

The dollar returned to the  range and reached its highest value in almost 3 months

He dollar rose 0.85% compared to Monday and closed at 39,223 pesos, according to the price of the Uruguayan Electronic Stock Exchange (Bevsa), so that the US currency added its fifth consecutive day of rise and returned to the range of 39 pesos.

The banknote thus accumulates a very positive April, with an improvement of 4.45% so far this month, which led to dollar to its highest value in almost 3 months, since to reach a similar value you have to go back to January 18, when it was quoted at 39,348 pesos.

Meanwhile, this improvement positioned the interbank in positive territory so far this year after several weeks, with an appreciation of 0.52% compared to the end of 2023.

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On the reference board of the Republic Bank (BROU), he dollar Retail ticket was offered at 37.95 pesos for purchase and 40.35 pesos for sale. For its part, the preferential value of eBROU dollar It was at 38.45 pesos for purchase and at 39.85 pesos for sale.

The closing price in the Uruguayan Electronic Stock Exchange (Bevsa) It was 39,150 pesos, while the maximum price was 39,300 pesos, and the minimum was 39,140 pesos. On this day, the number of transactions was a total of 57, with a transaction amount of 28.7 million dollars.

The crypto Tether (USDT)1 to 1 parity with the dollarwas quoted today from 41.40 pesos to 42.79 pesos in the Binance peer-to-peer (P2P) market.

Meanwhile, the price of dollar prex It was at 39.20 pesos for purchase, and at 39.20 pesos for sale.

The dollar appreciates in the world and the BCU analyzes several factors at the local level

While the global dollar reached 5-month highs, which gives momentum to the US currency in the local market, the Central Bank of Uruguay (BCU) analyzes different factors, after last week promoting a cut of 50 basis points in the Monetary Policy Rate (TPM), which remained at 8.5%.

However, in the last few hours the minutes of the Monetary Policy Committee (Copom), where BCU authorities warned that geopolitical tensions such as those experienced in Middle East are reigniting inflation worldwide.

In that sense, he assured that the economy of USA exhibits “some dynamism” and it is expected that the European Union (EU) and the other countries of the old continent will experience reactivations in the final stretch of 2024, so it will be necessary to see whether or not this factor affects the exchange rate in the coming weeks.

The dollar throughout the previous days

  • April 9 — 38,494
  • April 10 — 38,538
  • April 11 — 38,664
  • April 12 — 38,788
  • April 15 — 38,891

Source: Ambito

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