The dollar regained ground in the run-up to the Copom meeting

The dollar regained ground in the run-up to the Copom meeting

He dollar rose 0.15% on Thursday compared to its value on Wednesday and closed at 40.330 pesos, according to the exchange rate. Central Bank of Uruguay (BCU), regaining ground in a week with ups and downs and staying above 40 pesos.

The greenback operated in the local market in tune with what happened in the world, where the global dollar It was also appreciated in the context of a market that could continue to fall for a few more weeks.

In this way, the US currency has accumulated a slight improvement of 0.14% so far this month, while, in the annual accumulation, growth reaches 3.35% when taking the last value of 2023 as a reference.

On the reference board of the Republic Bank (BROU), he dollar The retail bill was offered at 39.15 pesos for purchase and 41.55 pesos for sale. For its part, the preferential value of the eBROU Dollar It was at 39.65 pesos for purchase and 41.05 pesos for sale.

The closing price in the Electronic Stock Exchange of Uruguay (Bevsa) was 40,330 pesos, while the maximum price was 40,350 pesos, and the minimum was 40,310 pesos. A total of 68 transactions were made, with a transaction amount of more than 37.5 million dollars.

Crypto Tether (USDT)1 to 1 parity with the dollarwas quoted today at an average of 43.71 pesos for online purchases with a bank account or card, and from 42.24 pesos to 44.45 pesos in the Binance peer-to-peer (P2P) market.

The quote of the Prex dollar It was at 40.15 pesos for purchase, and 40.55 pesos for sale.

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The dollar rose ahead of a Copom where there would be no changes

In this way, the dollar operated upwards in the run-up to a new meeting of the Monetary Policy Committee (Copom) and after the expectations of the financial market anticipate that the interest rates will remain in the current range for at least 18 months.

The authorities of the BCU They will report this Friday what will happen with the Monetary Policy Rate (TPM), which has had two sessions without changes and a single cut this year in April, which was 50 basis points. This situation contrasts with the situation in 2023, when the BCU led the rate cuts in the region.

Thus, if the forecasts are confirmed, the TPM will remain at 8.5% and should not have an impact on the value of the dollar in front of the Uruguayan peso.

The dollar during the previous days

  • August 8 — 40,296
  • August 9 — 40,207
  • August 12 — 40,285
  • August 13 — 40,395
  • August 14 — 40,269

Source: Ambito

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