He global dollar managed to show signs of recovery yesterday and did so again this Wednesday after a chaotic Monday of falling stocks worldwide; while in Uruguay fell 0.32% compared to Monday and ended three consecutive days of increases.
He dollar climbed in front of the and in on Wednesday, which fell after an influential government official Bank of Japan downplayed the chances of a near-term rate hike. The greenback’s rise weighed on emerging market currencies, with the MSCI EM currency index up on the day.
On Wednesday, the focus of currency markets was on the Japanese yen, which plummeted after an influential government official Bank of Japan said that a further rate hike was not being considered while markets were so volatile.
BOJ Deputy Governor’s remarks Shinichi Uchidahelped calm nerves in global markets, where a rapid recovery in the yen had caused investors to unwind other investments and was a key factor in the fall in stocks.
For its part, the pound Sterling rose 0.27% to $1.2726 after falling to $1.2674 on Tuesday, its lowest since early July. The pound has fallen from a one-year high above $1.30 in July, dragged down by expectations that the Bank of England would cut rates, which it did in early August, and by a sell-off in currencies seen as riskier investments during the recent turmoil.
The dollar in Uruguay
He dollar fell 0.32% compared to Monday, closing at 40.501 pesos, according to the official exchange rate. Central Bank of Uruguay (BCU), breaking with three consecutive days of increases, but continuing within the 40 pesos range.
At the local level, the exchange rate has accumulated a monthly variation of 0.56% and an annual variation of 3.79%, since its interbank rate is 1.48 pesos above the rate recorded after the closing of the last exchange day of last year.
On the reference board of the Republic Bank (BROU), he dollar The retail bill was offered at 39.30 pesos for purchase and 41.70 pesos for sale. For its part, the preferential value of the eBROU Dollar It was at 39.80 pesos for purchase and 41.20 pesos for sale.
The closing price in the Electronic Stock Exchange of Uruguay (Bevsa) was 40,500 pesos, while the maximum price was 40,600 pesos, and the minimum was 40,450 pesos. A total of 49 transactions were made, with a transaction amount of almost 25.5 million dollars.
Source: Ambito
