He dollar closed last week at 40.132 pesos, after rising 0.43% on Friday, overcoming two consecutive declines in the Uruguayan market, although the global scenario showed downward values on Monday.
He dollar in Uruguay accumulates an increase of 0.36% so far in July, while, when compared to the end of 2023, it appreciated by 2.84%, partially correcting the problem of exchange rate lag.
He dollar retail bill was offered at 38.85 pesos for purchase and 41.35 pesos for sale. For its part, the preferential value of the eBROU Dollar It was at 39.35 pesos for purchase and 40.85 pesos for sale.
Several factors are weighing on this upward trend of the US currency in the Uruguayan exchange market, among which can be counted the weakness of the Brazilian real and of the Argentine pesotwo regional references that dragged the Uruguayan peso down with them.
At a global level, the dollar was trading weak after the release of U.S. payrolls data on Friday boosted bets that the Federal Reserve (Fed) will soon begin cutting interest rates.
He dollar index The dollar was trading flat at 104.95, steadying after losing about 1 percent last week. The greenback was up 0.1 percent against its Japanese counterpart at 160.93 yen, still below last week’s high of 161.96.
He euro was trading steady at $1.0828, having fallen 0.4%, as investors weighed the consequences of a divided Parliament. France. “The impact of a far-right party winning a majority was avoided in the short term, but the rise of left-wing parties and growing political uncertainties could increase concerns about the fiscal deficits French and the stability of the Euro zone in the medium term,” said Ken Cheung, of Mizuho Securities to Reuters.
The pound sterling hit three-and-a-half-week highs against the dollar and euro, following the landslide victory of the Labor Party in last week’s election, which ended 14 years of conservative rule.
Source: Ambito
