The dollar closed the first business week of November with aa sharp drop against the Uruguayan peso. The interbank average stood at $39.87 (-1.04%) this Friday, while the last transaction of the day was agreed at $39.90 (-0.8%), according to Bevsa. In this way, the US currency in Uruguay was once again very close to the floor of $39 for the year that it reached in June. In total, US$ 23.8 million were traded and there was no intervention by the Central Bank (BCU) in the spot market.
On the BROU public screen, the dollar closed this Friday at $38.65 for purchase and $41.15 for sale, with a drop of 40 hundredths compared to Thursday.
Thus, in apenalties three days of operations in November, the exchange rate in Uruguay fell almost $ 1 (1.8%)Meanwhile in accumulated for the year, the depreciation of the dollar against the peso reached 10.8%.
Strong drop in Brazil
In the first week of Luiz Inácio da Silva as president-elect of Brazil, the dollar fell 4.3% against the real, which this Friday closed at 5.06 units per greenback. Meanwhile, the Ibovespa index of the stock market advanced 3.16% in the week.
The dollar index -which had already been pressured down by the news from Asia-, also picked up the general optimism after the publication of a job report in usa that investors were waiting to gauge their expectations about the Fed’s next moves.
October payrolls surprised with a increase of 261 thousand —compared to the expectation of 190 thousand—, although in any case they were lower than the 315 thousand in the upwardly revised September reading.
