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 0.24% compared to Tuesday, its second consecutive day of decline.
He dollar strengthened by 1.75% against the and in (to 146.83 yen) 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.
He dollar indexThe U.S. dollar, which measures the greenback’s value against a basket of currencies including the yen and the euro, gained 0.2 percent to $103.19, while the euro fell 0.08 percent to $1.0921.
The behavior of the dollar in Uruguay
He dollar fell 0.24% compared to Tuesday, closing at 40.405 pesos, according to the official exchange rate. Central Bank of Uruguay (BCU), chaining its second consecutive day of decline and going through the week in negative territory, although without surprises within the 40 pesos range.
At the local level, the dollar has accumulated a weekly decline of 0.13% compared to Friday, a monthly variation of 0.33% and an annual variation of 3.54%, since its interbank rate is 1.38 pesos above that registered 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 39.25 pesos for purchase and 41.65 pesos for sale. For its part, the preferential value of the eBROU Dollar It was at 39.75 pesos for purchase and 41.15 pesos for sale.
Source: Ambito
