The dollar opened the month lower and is approaching the $37 range

The dollar opened the month lower and is approaching the  range

The US currency fell 0.32%, in line with what happened globally, cutting two consecutive increases.

Photo: Pexels

He dollar fell 0.32% compared to Tuesday and closed at 38,194 pesos, according to the price of the Central Bank of Uruguay (BCU), so that the bill cut with two consecutive increases and is once again approaching the range of 37 pesos.

The US currency thus behaved in line with what happened globally, if the dollar index, which fell 0.38% to 105.31 units. In this way, despite the monthly increase in April, the interbank accumulated a decline of 2.12% so far this year.

On the reference board of the Republic Bank (BROU)he dollar Retail ticket was offered at 37.05 pesos for purchase and 39.45 pesos for sale. For its part, the preferential value of eBROU dollar It was at 37.55 pesos for purchase and at 38.95 pesos for sale.

The closing price in the Uruguayan Electronic Stock Exchange (Bevsa) It was 38,260 pesos, while the maximum price was 38,270 pesos, and the minimum was 38,150 pesos. On this day, the number of transactions was a total of 54, with a transaction amount of 27.4 million dollars.

The crypto Tether (USDT)1 to 1 parity with the dollarwas quoted today at an average of 41.54 pesos for online purchases through a bank or card, and from 40.70 pesos to 42.77 pesos in the Binance peer-to-peer (P2P) market.

grafdo.jpg

The Fed’s decision and a dollar that moves away from the value expected by the market

He dollar The month began quite far from the 39 pesos that economic agents expected for the end of April, while investors analyze the effects of the decision of the Federal Reserve (Fed) of the United States, that this Wednesday decided to continue with the restrictive monetary policy and maintain the interest rate in the current range of 5.25%-5.50%.

From the US central bank they argued that the recent and “disappointing” readings of inflation in that country, together with the data provided by the same index, supported that definition, despite the fact that the Fed says it continues to lean towards an eventual reduction in borrowing costs.

In this way, it can be expected that in Uruguay a demand for the ticket is maintained, while there may be an increase in United States Treasury bonds (treasuries) and the increase in the cost of assets in dollars.

The dollar throughout the previous days

  • April 24 — 38,342
  • April 25 — 38,626
  • April 26 — 38,162
  • April 29 — 38,298
  • April 30 — 38,318

Source: Ambito

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Posts