The banknote fell 0.30% at a negative start to the month, according to the price of the Central Bank of Uruguay.
He dollar fell 0.30% compared to Thursday and closed at 38,078 pesos, falling to the lowest values of just over a month and remaining on the edge of the 37 peso range, according to the price of the Central Bank of Uruguay (BCU).
In this way, the Uruguayan Peso It strengthens against the US currency, which, after an improvement in April, is going through the beginning of the month with a decline of 0.63%. That decrease of dollar It reaches 2.42% if compared to the last exchange day of 2023.
On the reference board of the Republic Bank (BROU)he dollar Retail ticket was offered at 36.90 pesos for purchase and 39.40 pesos for sale. For its part, the preferential value of eBROU dollar It was at 37.40 pesos for purchase and at 38.90 pesos for sale.
The closing price in the Uruguayan Electronic Stock Exchange (Bevsa) It was 38,150 pesos, while the maximum price was also 38,150 pesos, and the minimum was 38 pesos. On this day, the number of transactions was a total of 38, with a transaction amount of 18.3 million dollars.
The crypto Tether (USDT)1 to 1 parity with the dollarwas quoted today at an average of 41.41 pesos for online purchases through a bank or card, and from 40.84 pesos to 42.77 pesos in the Binance peer-to-peer (P2P) market.
Low inflation could open the door to a new rate cut
As investors begin to renew expectations about rate cuts by the Federal Reserve (Fed) given the latest employment data in USA, the inflation in Uruguay fell for the fourth consecutive month and reached 3.68% year-on-year.
According to the data of the INE, The CPI remained within the target range for the eleventh consecutive month, although the monthly variation in April was 0.63%, above the market expectations.
In this way, in the coming days it will begin to be revealed whether this level of inflation and the business expectations that will be announced on Wednesday the 8th allow a new cut in the Monetary Policy Rate (TPM) at the next meeting of the Copom, scheduled for Thursday the 16th.
The dollar throughout the previous days
- April 25 — 38,626
- April 26 — 38,162
- April 29 — 38,298
- April 30 — 38,318
- May 2 — 38,194
Source: Ambito
