The greenback closed the week with an increase of 0.21% and completed the month with an appreciation of 1.24%
He dollar rose 0.21% compared to Thursday and closed at 38,792 pesos, according to data from the Uruguayan Electronic Stock Exchange (Bevsa), approaching the range of 39 pesos and reaching its maximum value for a month and a half.
With this increase, the US currency closed the month with an appreciation of 1.24%, above the value of 38.61 pesos that arises from the expectations of economic agents carried out by the Central Bank of Uruguay, while, in comparison with the end of last year, the dollar It reduced its depreciation, which remained at 0.59%.
On the reference board of the Republic Bank (BROU), the retail dollar bill was offered at 37.55 pesos for purchase and 40.50 pesos for sale. For its part, the preferential value of eBROU dollar It was at 38.05 pesos for purchase and at 39.55 pesos for sale.
The crypto Tether (USDT)1 to 1 parity with the dollarwas quoted today at an average of 41.2 pesos for online purchases through a bank or card, and from 40.49 pesos to 42.64 pesos in the Binance peer-to-peer (P2P) market.
The impact of US economic data on the dollar
The price index of personal consumption expenditures (PCE) of USA showed that the inflation in that country remained stable in April, which generated a slight drop in the value of global dollar and raised the question about whether the Federal Reserve has in mind to start the lengthy rate cut, which in any case would not come at the next meeting on June 11 and 12.
He PCE rose 0.3% last month, according to data this Friday from the Department of Commerce’s Bureau of Economic Analysis, in line with the unrevised rise in March. Thus, in the rolling 12 months it rose 2.7%. Besides, the Underlying inflation It also remained unchanged in the year-on-year measurement, at 2.8%.
However, Rubeela Farooqi, chief economist at High Frequency Economics, clarified that “the inflationary context suggests that those responsible for the Fed “will be patient,” not anticipating immediate changes. However, he admitted that they could “react if the working market “It weakens more than expected.”
The dollar throughout the previous days
- May 24 — 38,546
- May 27 — 38,553
- May 28 — 38,529
- May 29 — 38,744
- May 30 — 38,709
Source: Ambito
