The dollar exceeded $44 and consolidates its bullish rally

The dollar exceeded  and consolidates its bullish rally

December 10, 2024 – 16:38

The US currency added its fifth consecutive day to the rise, breaking highs in almost three years.

Photo: Reuters

He dollar exceeded 44 pesos and reached new maximum values ​​in almost three years, after rising 0.69% compared to Monday and closing at 44,028 pesos, according to the price of the Central Bank of Uruguay (BCU).

In this way, the greenback reached its fifth consecutive day on the rise and has accumulated an improvement of 2.02% so far this month, as a result of variables such as the weakness of the Brazilian realand the rebound of global dollar.

On the reference board of the Republic Bank (BROU), he dollar Retail ticket was offered at 42.55 pesos for purchase and 44.95 pesos for sale. For its part, the preferential value of eBROU dollar It was at 43.05 pesos for purchase and at 44.45 pesos for sale.

The closing price in the Uruguayan Electronic Stock Exchange (Bevsa) It was 44,200 pesos, while the maximum price was also 44,200 pesos, and the minimum was 43,900 pesos. A total of 84 transactions were carried out, with a transaction amount of more than 42.1 million dollars.

The crypto Tether (USDT), 1 to 1 parity with the dollarwas quoted today at an average of 47.22 pesos for online purchases with a bank account or card, and from 45.71 pesos to 47.91 pesos in the Binance peer-to-peer (P2P) market.

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The dollar rose almost 13% in the year

With this increase, the dollar is about to close a frankly positive year, in which it has accumulated an appreciation of 12.83% so far compared to its closing value in 2023.

Thus, in a year where it even flirted with the range of 37 pesos, the greenback reached a level this Tuesday that it had not reached since January 31, 2022, when it was trading at 44,154 pesos.

The difference is that at that time it was coming off a peak reached at the beginning of that month and at this moment it is experiencing a strong bullish momentum that, for the moment, does not seem to be moderating.

The dollar during the previous days

  • November 3 — 43,175
  • November 4 — 43,289
  • November 5 — 43,450
  • November 6 — 43,543
  • November 9 — 43,726

Source: Ambito

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