He gold and the dollar They retreated from near their highs on Monday, and crude oil prices fell as the possibility of a major supply disruption diminished. In Uruguay, Meanwhile, the exchange rate rose 0.33% last Friday compared to Thursday and closed at 38.506 pesos, according to the price of the Central Bank of Uruguay (BCU).
He dollar reached a 34-year high on Monday against the and inwith market participants attentive to any signs of intervention by Japanese authorities to shore up the local currency, after closing at 154.80 yen.
He dollar index, which measures the currency against six major currencies, fell 0.02%, to 105.960 points. Last week it stood at 106.51, the highest level in five months. Gold fell 2.35% to $2,331.49 an ounce, retreating from the all-time high of $2,431.29 reached last week.
The dollar in Uruguay
Meanwhile in Uruguay There is a business holiday and the markets are not working, it is expected that the US exchange rate continues to recover after Friday’s rebound of 0.33%.
On the reference board of the Republic Bank (BROU)he dollar Retail ticket was offered at 37.25 pesos for purchase and 39.85 pesos for sale. For its part, the preferential value of eBROU dollar It was at 37.75 pesos for purchase and at 39.35 pesos for sale.
With this improvement, the greenback regained ground at the close of a negative week, where it fell 0.73% and once again set off the alarms about the exchange delay. Anyway, the dollar accumulated growth so far this month of 2.54% and, if compared to the end of 2023, the depreciation of the US currency is 1.32%.
The calm of the Middle East favors the Asian market
The asian bags recovered some of their losses on Monday and bond yields rose as fears of a broader conflict in Middle Eastwith investors gravitating back toward riskier assets.
Iran declared Friday that it did not plan to retaliate following an apparent Israeli drone attack within its borders, which, in turn, followed an unprecedented Iranian missile and drone attack on Israel days earlier.
He MSCI index Asia-Pacific shares rose 0.83% in the early morning, recovering part of Friday’s 1.8% drop, after news of the Israeli attack. Pan-European STOXX 650 index futures added 0.33%, and FTSE futures advanced 0.8%.
“It seems that neither Israel nor Iran “They want an escalation of the crisis in the Middle East… and since it doesn’t look like an attack is coming from either side, investor concerns have eased a bit,” said Kazuo Kamitani, a strategist at Nomura Securities.
However, Kamitani said expectations of further interest rate cuts from the Federal Reserve and concerns about chip sector profits will continue to keep investors on their toes. The MSCI global equity index suffered its worst week since March 2023 last week, with a fall of 2.85%.
Source: Ambito
