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June 25, 2023
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Ironed dollar: what are the local fundamentals and the international context

Ironed dollar: what are the local fundamentals and the international context

Economy and Business > exchange market

The US currency accumulates a decrease of 6.3% so far this year

Dollar ironed in Uruguay

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June 24, 2023 at 05:00

The dollar started the year below $40 after closing 2022 with a 10.4% drop. In the first half of the year, the currency oscillated at lower levels and in June it broke through the $38 barrier. However, the decline does not attract the attention of economists local. Globally, the currency lost strength and this external factor is replicated in Uruguay. Neither in the local scenario are there elements that support an increase, despite pressure from some sectors of the economy.

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