He global dollar backtracks in the middle of the announcement of the Consumer Price Index (CPI) of USA where the result was lower than expected, with a fall of 0.1%, so a further loss of value of the greenback would be expected; meanwhile, in Uruguay, managed to return to the $40 range after two days of decline.
This morning, US consumer prices unexpectedly fell in June and the annual increase was the lowest in a year, reinforcing the view that the disinflationary trend is back on track and bringing us one step closer to the Federal Reserve from the United States (Fed) towards lowering interest rates.
In this sense, the Index of Consumer Price Index (CPI) fell 0.1% last month after remaining unchanged in May, the agency reported. Department of Labor Bureau of Labor Statistics from the United States.
The US dollar, meanwhile, opened with a drop at the start of the day, awaiting the CPI data, at 104.91 units. This drop could have an impact on the deepening of the greenback’s depression, while it could also be affected by the rate cuts that the new CPI data would cause.
Market reactions
For their part, the world stock exchanges The global stock market reached new all-time highs on Thursday, awaiting the CPI. The main European stock markets moved between 0.4% and 0.7% higher, which, after the records reached in New York and Tokyo, meant that the MSCI world stock index reached its own high, accumulating an increase of almost 14% in the year.
Meanwhile, fixed-income markets and the dollar were broadly stable, keeping the yen on the weak side of 161 per cent. dollar and close to its lowest levels in decades, while the pound improved to four-month highs after a good couple of days.
The dollar in Uruguay returned to $40
This Wednesday, the dollar rose 0.36% compared to Tuesday, closing at 40.064 pesos, according to the official exchange rate. Central Bank of Uruguay (BCU), leaving behind two consecutive days of decline and returning to the 40 pesos range.
The US currency has accumulated a monthly variation of 0.19% and an annual variation of 2.67%, since its interbank rate is 1.04 pesos above the one registered after the closing of the last exchange day of last year.
On the reference board of the Republic Bank (BROU), the retail dollar bill was offered at 38.90 pesos for purchase and 41.30 pesos for sale. For its part, the preferential value of the eBROU Dollar It was at 39.40 pesos for purchase and 40.80 pesos for sale.
Source: Ambito
