The dollar accelerated the rate of decline this Tuesday in the local exchange market and its price continued to move away from the $43 floor that it had abandoned at the opening of the week. This Tuesday the The currency lost 0.52% against the Uruguayan peso and stood at $42,634 in the interbank average, according to data from the Electronic Stock Exchange (Bevsa). It is the lowest value since September last year. In addition, the exchange rate is now more than $2 below last year’s last trade: $44.70, indicating a drop of 4.6%.
While, the last operation of the day was agreed at $42.5 with a decrease of 0.77% compared to Monday.
During the day there were operations for a total of US$ 17.3 million and there was no intervention from the Central Bank (BCU), which until now has remained outside the spot market. The BCU authorities consider that there are grounds for not intervening in the current path shown by the exchange rate in Uruguay.
Asked about the decline in the greenback, the president of the BCU, Diego Labat, reiterated on Tuesday that the phenomenon responds to a “general weakening in the region and in the world.” “We understand that it responds to fundamentals in a market and does not warrant that we from the Central Bank think of any type of measures”he stated in an interview with the Bloomberg Line site.
On the BROU board, the currency was offered at $41.3 for purchase and $43.7 for sale, almost 30 hundredths less than yesterday, Monday.
At the regional level in BrazilThe dollar also lost ground, falling 0.95% and trading at 5.05 reais per unit, according to data from Bloomberg. And in Chile the exchange rate closed at its lowest level in more than three months at 793 pesos.
At a global level, the Dollar Index – which measures the value of the US dollar in relation to a basket of relevant foreign currencies – fell just 0.09% to 95.936 units.
