The dollar fell sharply and fell to four-week lows

The bill fell 1.20% today compared to its value on Thursday and was one step away from returning to the $37 range.

Photo: Pexels

He dollar recorded a sharp drop of 1.20% compared to Thursday and closed the week at 38,162 pesos, reaching minimum values in four weeks and being one step away from returning to the range of 37 pesos, according to data from the Central Bank of Uruguay (BCU).

The content you want to access is exclusive to subscribers.

to subscribe I am already subscribed

With this price, the note cut a large part of the monthly increase, which stood at 1.62% compared to the end of March, once again fueling concerns about the exchange delay. Meanwhile, compared to the last business day of 2023, the dollar accumulates a depreciation of 2.02%.

On the reference board of the Republic Bank (BROU)he dollar Retail ticket was offered at 36.95 pesos for purchase and 39.45 pesos for sale. For its part, the preferential value of eBROU dollar It was at 37.45 pesos for purchase and at 38.95 pesos for sale.

The closing price in the Uruguayan Electronic Stock Exchange (Bevsa) It was 38,170 pesos, while the maximum price was 38,200 pesos, and the minimum was 38,140 pesos. On this day, the number of transactions was a total of 45, with a transaction amount of 32 million dollars.

The crypto Tether (USDT)1 to 1 parity with the dollarwas quoted today at an average of 41.83 pesos for online purchases through a bank or card, and from 40.99 pesos to 42.77 pesos in the Binance peer-to-peer (P2P) market.

Embed – https://publish.twitter.com/oembed?url=https://twitter.com/BevsaUruguay/status/1783939706264125712&partner=&hide_thread=false

The dollar strengthened internationally

The fall of the US currency at the local level, which is moving further and further away from the value expected by the market (39 pesos) for the end of the month, is contradictory to the behavior at the international level, with a dollar index which improved 0.3%, to 105.93 units, reaching a new 34-year high against the and in. Meanwhile, the euro fell 0.2% to $1.0705,

This improvement was driven in part by new data that showed no signs of easing in US inflation, in line with forecasts, confirming expectations that the Federal Reserve will delay the cutting of interest rates later in the year.

The price index of personal consumption expenditures (PCE) rose 0.3% in March, in line with forecasts. This is one of the inflation measures that follows the Fed to reach its 2% target.