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How much did the regional scenario influence the dollar’s return to $40?

How much did the regional scenario influence the dollar’s return to ?
How much did the regional scenario influence the dollar’s return to ?

He dollar It was once again quoted at more than 40 pesos and has accumulated a more than positive trend, with three consecutive monthly increases and an appreciation of 0.36% at the beginning of July, which made it recover 2.84% in the annual accumulation when comparing its current value with that of December.

In this way, the US currency is located above the value expected by economic agents, according to the Economic Expectations Survey of the Central Bank of Uruguay (BCU), which assigns to the dollar a similar quote only at the end of the year.

Several factors are weighing on this bullish streak, among which can be counted the weakness of the real and the Argentine peso, two regional references that dragged the price down with them Uruguayan Peso.

In fact, Exante analyzed the evolution of the dollar at an international level so far this year and reflected that the strengthening in the local exchange market is lower than in other countries in the region such as Argentina and Brazil, but the same thing also happens with Paraguay, Colombia, Chile, Mexico and Canada.

Even, Uruguay fell below in the table of nations as Japan, Türkiye, Switzerland, Indonesia and New Zealand.

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The strength of the blue dollar and the devaluation of the real

The government of Javier Milei in Argentina begins to go through its first period of difficulties, with a Dolar blue which recently touched its nominal record and closed on Friday at 1,420 Argentine pesos, according to a survey by Ambit in the neighboring country.

In this way, the parallel currency achieved its eighth consecutive weekly rise and grew by 11.4% in June and 17.8% in May. In this way, the gap with the official exchange rate It is among the highest values ​​of the Milei era, reaching 54.7%.

Something similar happens with the real, the money of Brazil, who suffered heavy losses against the dollar in recent months, even touching 5.68 reais on Tuesday, its highest level since January 2022.

Although the Brazilian currency appreciated in the following three days, today it is dollar At 5.46 reais, the US currency has been growing and has appreciated every month of the first half of the year.

Source: Ambito

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