The greenback fell this Friday, but the balance of the last few days was positive and it was positioned in the middle zone of the $41 range.
He dollar fell 0.46% compared to Thursday and closed at 41,535 pesos, according to the price of the Central Bank of Uruguay (BCU), so that the greenback added its second consecutive decline and moved away from the range of 42 pesos and its maximum of the year.
Despite the decline, the US currency completed a week on the rise, with an improvement of 0.53%, while the sign is negative so far this month, with a decrease of 0.25%. On the other hand, in the annual accumulated, the dollar rose 6.44%, cutting a good part of the exchange delay from last year.
On the reference board of the Republic Bank (BROU), he dollar Retail ticket was offered at 40.25 pesos for purchase and 42.75 pesos for sale. For its part, the preferential value of eBROU dollar It was at 40.75 pesos for purchase and at 42.25 pesos for sale.
The crypto Tether (USDT), 1 to 1 parity with the dollarwas quoted today at an average of 45.28 pesos for online purchases with a bank account or card, and from 43.05 pesos to 46.02 pesos in the Binance peer-to-peer (P2P) market.
The dollar continues to pay attention to the Fed’s clues
Although the United States Federal Reserve (Fed) announced a month ago that it would begin the relaxation cycle of the monetary policy, The panorama became confusing.
It is that the confidence in the inflation had been largely controlled and that the labor market was cooling, a combination of increases in payrolls that exceeded forecasts last month, an unexpected drop in the rate of unemployment and consumer prices Tighter policies have apparently moved the Fed’s view back into more expectant territory.
In fact, Wednesday’s release of the minutes from last month’s Fed meeting revealed far less certainty about prevailing economic conditions and the official data reflecting them than the statement issued on the day of the decision.
“Many participants noted that assessing labor market developments had been a challenge, with increasing immigration, revisions to reported payroll data and possible changes in the underlying growth rate of the productivity cited as factors that complicated the process,” the minutes stated.
And he added that others emphasized the importance of continuing to use “disaggregated data or information provided by business contacts as a control for readings on labor market conditions.”
Reflecting some of those multiple twists in the data, Atlanta Federal Reserve President Raphael Bostic, He told the Wall Street Journal on Thursday: “This instability to me is like maybe we should take a pause in November. I’m definitely open to that.”
The dollar during the previous days
- October 4 — 41,316
- October 7 — 41,161
- October 8 — 41,543
- October 9 — 41,796
- October 10 — 41,726
Source: Ambito
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