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The dollar falls as echoes of the continuity of the contractionary monetary policy in the US

The dollar falls as echoes of the continuity of the contractionary monetary policy in the US
The dollar falls as echoes of the continuity of the contractionary monetary policy in the US

The Fed ended its meeting without any news on interest rates and drove the US currency downward.

Photo: Pexels

He global dollar fell after the operators echoed that the Federal Reserve (Fed) will maintain interest rates, with the possibility of just one cut in the remainder of the year. In Uruguay, Meanwhile, it closed lower, dragged down by the performance of the currency in Brazil.

He dollar began on Wednesday pressured by expectations for new signs of the monetary politics US, retreating from the four-week high that it had reached the previous day while waiting for the update of the economic projections and the data on the evolution of prices in May.

In this way, the dollar index It fell to 105.11 units, after hitting its highest level since May 14, at 105.46, on Tuesday.

The greenback advanced for three consecutive days, after a solid labor report in the United States that raised the prospects that inflation will continue while growth remains strong, making it less likely that the Fed cut interest rates in the coming months.

The Brazilian exchange market influenced that of Uruguay

In Uruguay, the dollar fell 0.24% compared to Monday and closed at 39,089 pesos, according to the price of the Central Bank (BCU), so that the greenback could not advance for the third consecutive round, although it does remain within the range of 39 pesos.

With this result, the US currency traded against the international scene, since the global dollar touched its maximum value in 4 months; while it was dragged by the performance of the currency in the Brazilian exchange market. On the local scene, the interbank It remains positive in the monthly comparison, with an increase of 0.17%, while, in the accumulated year, the balance is also favorable, with a slight appreciation of 0.17%.

Source: Ambito

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