The dollar fell and reached lows of more than 15 days

The dollar fell and reached lows of more than 15 days

October 4, 2024 – 17:02

The US currency operated in Uruguay contrary to what happened globally, with a daily drop of 0.85%.

Photo: Freepik

He dollar fell 0.85% compared to Thursday and closed at 41,316 pesos, according to the price of the Central Bank of Uruguay (BCU), so that the greenback added its third consecutive decline and reached its minimum in more than 15 days, approaching the range of 40 pesos.

After this decline, which occurred contrary to what is happening globally, the US currency closed the week with a loss of 0.57% and has accumulated a decline of 0.78% so far this month. At the same time, the dollar It remains in positive territory in the accumulated annual period, with an increase of 5.88%.

On the reference board of the Republic Bank (BROU), he dollar Retail ticket was offered at 40.15 pesos for purchase and 42.65 pesos for sale. For its part, the preferential value of eBROU dollar It was at 40.65 pesos for purchase and at 42.15 pesos for sale.

The closing price in the Uruguayan Electronic Stock Exchange (Bevsa) was 41,400 pesos, while the maximum price was 41,450 pesos, and the minimum was 41,200 pesos. A total of 97 transactions were carried out, with a transaction amount of more than 55.3 million dollars.

The crypto Tether (USDT), 1 to 1 parity with the dollarwas quoted today at an average of 45.21 pesos for online purchases with a bank account or card, and from 43.42 pesos to 46.00 pesos in the Binance peer-to-peer (P2P) market.

The dollar recovers globally and falls in Uruguay

The behavior of dollar during the last days in the exchange market local does not correspond to that of the US currency globally, which reached a two-week high this Friday, after rounding off its best week in two years.

It is that he dollar index —which measures the performance of the greenback in relation to a basket of six other currencies of international relevance— stood at 102.69 units, the highest level since August 16, after positive data from employment in USA and the expectation that the eventual rate cut of the Federal Reserve (Fed) be 25 and not 50 basis points.

Meanwhile, in Uruguay The movements are influenced by the uncertainty around the plebiscite on social security that promotes PIT-CNT, by which foreign investors got rid of nominal sovereign bonds in pesos for an amount equivalent to 700 million dollars, as confirmed by a major investment company with a global presence.

The outflow of capital in the form of the sale of bonds in pesos, mainly for 2031, had already been anticipated Scope by Sebastián Arena, head chef at Nobilis, who maintained that “the dissemination of some surveys that gave the victory of the plebiscite caused fund managers who manage Uruguay bonds in local currency have decided to move the positioning in these bonds, exiting these positions.”

The dollar during the previous days

  • September 27 — 41,554
  • September 30 — 41,640
  • October 1 — 41,884
  • October 2 — 41,804
  • October 3 — 41,670

Source: Ambito

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