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December 22, 2022
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The dollar continues in free fall and is heading towards $38 in the interbank

The dollar continues in free fall and is heading towards $38 in the interbank

The dollar fell again this Wednesday in the local market. The US currency lost 0.18% in the third session of the week and remained at $38,341 in the interbank average, according to data from the Electronic Stock Market (Bevsa).

Meanwhile, the last operation of the day was agreed at $38.45 with a rise of 0.26% compared to Tuesday.

So far this year, the exchange rate fell 14.3% compared to the end of 2021.

This Wednesday there were operations for a total of US$ 57.9 million and there was no intervention from the Central Bank (BCU) that remains outside the spot market.

The president of the BCU, Diego Labat, affirmed last week that the exchange rate “has fallen significantly”, even “far beyond what was expected”.

“We always say that the intervention is a tool that we do not discard”, he claimed. In any case, he said that “the conditions have to be met and that the BCU understands that there is a reason beyond the circumstantial or very specific that warrants intervention.”

On the board of the Bank (Brou), the dollar was offered at $37.25 for purchase and $39.45 for sale, with a drop of 10 cents.

At regional levelIn Brazil, the main exchange reference market, the dollar was trading stable at 5,199 reais per unit.

The Dollar Index, which measures the value of the US dollar in relation to a basket of foreign currencies, rose 0.17% changes at 103.77 units.

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