The US currency appears to be stabilising in the first few days of the month above its ceiling of last year.
He dollar rose 0.2% compared to Thursday and closed at 40.103 pesos, according to the exchange rate. Central Bank of Uruguay (BCU), so that the US currency managed to end the week above 40 pesos, a value that represented an almost unattainable ceiling during 2023 and the first half of this year.
In this way, the greenback accumulates an increase of 0.29% so far this month, while, in the annual accumulation, the improvement of dollar reaches 2.77% compared to the end of 2023.
On the reference board of the Republic Bank (BROU), the retail dollar 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.
Crypto Tether (USDT)1 to 1 parity with the dollarwas quoted today at an average of 42.65 pesos for online purchases with a bank account or card, and from 42.03 pesos to 44.08 pesos in the Binance peer-to-peer (P2P) market.
The rate decision could have an impact on the dollar
At its current value, the dollar is located above the value expected by the market, which expected a similar level only by the end of the year, according to the Economic Expectations Survey from the BCU, which expects a greenback at 40.15 pesos for the last business day of the year.
A decision that will influence the behavior of the US currency in the local market is the one that will be taken next Tuesday the 16th, when the Monetary Policy Committee (Copom) define whether to maintain or modify the reference interest rate.
Therefore, what the monetary authority defines will be relevant, since the inflation remains within the target range for 13 months and Copom acts with the objective that the expectations of economic agents converge towards the objective of between 3 and 6%.
The dollar in recent days
- July 5 — 40,132
- July 8 — 40,061
- July 9 — 39,922
- July 10 — 40,064
- July 11 — 40,021
Source: Ambito
