The dollar rose slightly and is approaching its maximum of the year

The dollar rose slightly and is approaching its maximum of the year
The dollar rose slightly and is approaching its maximum of the year

The US currency increased by 0.07% and maintains its positive streak so far this month.

Photo: Vecteezy

He dollar rose 0.07% compared to Monday and closed at 39.367 pesos, according to the price of the Central Bank of Uruguay (BCU), so that it accumulated two consecutive days on the rise and is approaching its maximum value of the year, reached on January 9, when it touched 39,439 pesos.

The greenback thus maintains its positive trend so far this month, with an increase of 1.48%, while in the accumulated year it reached an improvement of 0.88%, placing itself above the forecasts of the market, who was waiting for a dollar at 38.50 pesos by the end of May and estimates that it will reach 39.55 pesos only in October, a value that today seems closer.

On the reference board of the Republic Bank (BROU), the retail dollar bill was offered at 38.10 pesos for purchase and 40.60 pesos for sale. For its part, the preferential value of eBROU dollar It was at 38.60 pesos for purchase and at 40.10 pesos for sale.

The closing price in the Uruguayan Electronic Stock Exchange (Bevsa) It was 39,380 pesos, while the maximum price was 39,400 pesos, and the minimum was 39,350 pesos. A total of 52 transactions were carried out, with a transaction amount of more than 26 million dollars.

The crypto Tether (USDT)1 to 1 parity with the dollarwas quoted today at an average of 41.91 pesos for online purchases with a bank account or card, and from 41.85 pesos to 43.29 pesos in the Binance peer-to-peer (P2P) market.

The quote of dollar prex It was at 39.20 pesos for purchase, and at 39.60 pesos for sale.

Embed – https://publish.twitter.com/oembed?url=https://x.com/BevsaUruguay/status/1803148369243570181&partner=&hide_thread=false

What happens to the Copom one-month rates?

One of the variables that economic agents analyze to observe the evolution of the dollar is the Monetary Policy Rate (TPM), which is currently at 8.5% and will remain that way at least until next July 16, when the next meeting of the Copom.

However, an element to observe in the preview is the movement of the cutting rates of the Monetary Regulation Bills (LRM), which this month moved between 8.5% and 8.8% in the different terms, with the majority in the order of 8.61%, that is, above the TPM.

If this scenario does not change, less than 30 days before the next decision of the BCU, It could be intuited that rates will not go down, despite the fact that the inflation It has remained within the target range for a year.

The dollar in recent days

  • June 11 — 39,089
  • June 12 — 39,179
  • June 13 — 39,279
  • June 14 — 39,256
  • June 15 — 39,338

Source: Ambito

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