The dollar rebounded and was close to exceeding its maximum value in almost 2 months

The dollar rebounded and was close to exceeding its maximum value in almost 2 months

He dollar rebounded compared to Thursday and rose 0.71%, closing at 39,108 pesos, according to the official price of the Central Bank of Uruguay (BCU)reaching its maximum value in almost two months and leaving behind the range of 38 pesos.

In this way, the greenback remains in positive territory on a monthly basis, with an improvement of 0.81%, driven by international and regional factors, while, in the accumulated year, the dollar achieved an improvement of 0.22%.

On the reference board of the Republic Bank (BROU), the retail dollar bill was offered at 37.80 pesos for purchase and 40.30 pesos for sale. For its part, the preferential value of eBROU dollar It was at 38.30 pesos for purchase and at 39.80 pesos for sale.

The closing price in the Uruguayan Electronic Stock Exchange (Bevsa) It was 39,050 pesos, while the maximum price was 39,108 pesos, and the minimum was 39 pesos. A total of 80 transactions were carried out, with a transaction amount of almost $42.3 million.

The crypto Tether (USDT)1 to 1 parity with the dollarwas quoted today at an average of 41.35 pesos for online purchases through a bank or card, and from 41.15 pesos to 42.84 pesos in the Binance peer-to-peer (P2P) market.

The global dollar rose and a possible short-term Fed cut dissipates

He global dollar rose this Friday after the positive employment data from USA, which also led investors this Friday to reduce bets that the Federal Reserve (Fed) will cut the interest rates before September.

In fact, Fed rate futures had only a 52% chance of a cut for September, after the report that reflected that the businessmen they added 272,000 Job positions to the US economy last month, more than the 185,000 economists expected in a Reuters poll.

At the same time, the returns of Treasury bond to 10 years recorded their biggest daily jump in two months this Friday. The 10-year bond yield rose 15 basis points to 4.428%, the biggest one-day gain in basis points since April 10. On Wednesday it fell to 4.275%, the lowest level since April 1.

Meanwhile, the yield on two-year notes gained 15 basis points, to 4.87%, also the largest daily increase since April 10, after falling to 4.716% on Thursday, its lowest level since April 16. May.

The dollar throughout the last few days

  • May 1 — 38,792
  • June 3 — 38,786
  • June 4 — 38,925
  • June 5 — 39,069
  • June 6 — 38,834

Source: Ambito

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