The dollar rose slightly and consolidates a sustained rise

The dollar rose slightly and consolidates a sustained rise

The greenback rose 0.09% according to the Central Bank of Uruguay’s quote and is on track for its fourth consecutive monthly increase.

Photo: Vecteezy

He dollar rose 0.09% compared to Wednesday and closed at 40.280 pesos, according to the exchange rate. Central Bank of Uruguay (BCU), chaining its third consecutive increase which, although slight, consolidates its sustained rise.

The US currency has improved by 0.73% so far this month and is thus on track to close July with its fourth consecutive monthly appreciation, above the value expected by the market. Meanwhile, the dollar accumulated an increase of 3.22% compared to the end of 2023.

On the reference board of the Republic Bank (BROU), he dollar The retail bill was offered at 39.10 pesos for purchase and 41.50 pesos for sale. For its part, the preferential value of the eBROU Dollar It was at 39.60 pesos for purchase and 41 pesos for sale.

The closing price in the Electronic Stock Exchange of Uruguay (Bevsa) The highest price was 40,300 pesos, while the highest price was also 40,300 pesos, and the lowest was 40,250 pesos. A total of 26 transactions were made, with a transaction value of more than 23 million dollars.

Crypto Tether (USDT)1 to 1 parity with the dollarwas quoted today at an average of 43.62 pesos for online purchases with a bank account or card, and from 42.30 pesos to 44.57 pesos in the Binance peer-to-peer (P2P) market.

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How the international context affects the dollar

On the path of appreciation of the dollar In recent weeks, a series of international factors have emerged that are summarized in the strength of the US currency at a global level and the weakness of the currencies of emerging countries, mainly that of a reference such as the real.

Although the currency of Brazil managed to appreciate slightly this Thursday, so far this year it has lost 16.11% of its value compared to the greenback, which dragged down the Uruguayan Peso.

In the global panorama, the dollar index, which compares the performance of the greenback in relation to a basket of six currencies of international relevance, comes from days with ups and downs and the trend of the electoral campaign will be important for its evolution. USA.

After the president’s resignation Joe Biden to his candidacy, his vice Kamala Harris seems to have better chances in the dispute against Donald Trump, which appears as a favorite anyway, something that could strengthen the dollar.

The dollar in the previous days

  • July 17 — 40,284
  • July 19 — 40,454
  • July 22 — 40,116
  • July 23 — 40,173
  • July 24 — 40,243

Source: Ambito

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