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The global dollar fell and the euro continues to recover

The global dollar fell and the euro continues to recover
The global dollar fell and the euro continues to recover

The currency fell against other currencies and in Uruguay it ended with four consecutive days on the rise.

Photo: Vecteezy

He global dollar fell this Monday, after hovering at a high of almost eight weeks, while the exchange market in Uruguay opened the week lower, despite the strength shown in the last three weeks.

He dollar indexwhich compares the greenback with a basket of six prominent currencies, fell 0.34% to 105,501 units, falling from the almost eight-week high of 105.91, which it touched last week.

He eurowhich has been under pressure since the French president Emmanuel Macron called a snap election earlier this month, rose 0.42% to $1.0736.

At the local level, the interbank dollar fell 0.87% compared to Friday, closing at 39,308 pesos, according to the official price of the Central Bank of Uruguay (BCU). The North American currency accumulates a variation of 1.33% so far in June, and another of 0.73% at an annual level.

The yen worries Asian investors

He and in weakened to 159.61 units per dollarits lowest since April 29, when it hit a 34-year low of 160.245, prompting Japanese authorities to intervene with some 9.8 trillion yen to support the currency.

“I think that as long as the weakness is not especially rapid or disorderly, it is unlikely that the Ministry of Finance will intervene,” he said. Michael Brownsenior strategist at Pepperstone.

Source: Ambito

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