The US currency fell 0.24%, ending a three-day winning streak.
He dollar fell 0.24% compared to Thursday and closed at 40.251 pesos, according to the exchange rate. Central Bank of Uruguay (BCU), with the US currency ending three consecutive days of gains.
In this way, the greenback could not escape the global situation and fell 0.2% in the week. In addition, the dollar It entered negative territory on a monthly basis, with a slight drop of 0.06%, but maintained its appreciation of 3.15% in the annual accumulation.
On the reference board of the Republic Bank (BROU), he dollar The retail bill was offered at 39 pesos for purchase and 41.50 pesos for sale. For its part, the preferential value of the eBROU Dollar It was at 39.50 pesos for purchase and 41 pesos for sale.
The closing price in the Electronic Stock Exchange of Uruguay (Bevsa) was 40,250 pesos, while the maximum price was 40,300 pesos, and the minimum was 40,200 pesos. A total of 34 transactions were made, with a transaction amount of more than 16.9 million dollars.
Crypto Tether (USDT)1 to 1 parity with the dollarwas quoted today at an average of 43.80 pesos for online purchases with a bank account or card, and from 41.60 pesos to 44.58 pesos in the Binance peer-to-peer (P2P) market.
The dollar and the Fed’s signals
The US currency depreciated worldwide after the speech of the President of the Federal Reserve (Fed), Jerome Powell, who gave unequivocal signs that the US interest rates will be reduced in the short term.
Thus, the dollar index, which measures the greenback against a basket of six currencies, fell 0.81% since the end of Thursday to 100.64, while the euro, he yen and the pound sterling.
“The time has come to adjust the policy,” he said. Powell by giving clues about the future of the US economy and anticipated that the upward risks to inflation have diminished and the downward risks to employment have increased, which anticipates a rate cut in September.
“With an appropriate reduction in political restraint, there is good reason to think that the economy will return to a inflation of 2% while maintaining a strong labor market,” he anticipated.
The dollar during the previous days
- August 16 — 40,331
- August 19 — 40,244
- August 20 — 40,261
- August 21 — 40,338
- August 22 — 40,348
Source: Ambito
