He dollar opened the week lower, closing at 40.061 pesos, after rising 0.18% on Monday, leaving behind Friday’s rise in the Uruguayan market, although the global scenario showed falling values on Monday.
He dollar in Uruguay accumulates an increase of 0.18% so far in July, while, when compared to the end of 2023, it has appreciated so far by 2.66%, partially correcting the problem of exchange rate lag.
He dollar retail bill was offered at 38.85 pesos for purchase and 41.25 pesos for sale. For its part, the preferential value of the eBROU Dollar It was at 39.35 pesos for purchase and 40.75 pesos for sale.
Among the factors that explain the permanence of the greenback above 40 pesos, are 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 traded weakly 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 fell to 104.875 units, after falling 0.24%, after losing about 1% last week. The greenback fell slightly by 0.01% against its Japanese counterpart, to 160.80 yen, and moved away from last week’s high of 161.96.
He euro traded steady at $1.0825, having gained 0.02%, 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
