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March 23, 2022
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The dollar continues to plummet and is one step away from falling below $42

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ANDhe dollar opened lower this Wednesday in the Uruguayan exchange market and is one step away from falling below $42 in the interbank market. About half of the operations of this day, the exchange rate was traded at an average of $42.07, with a minimum of $42.07 and a maximum of $42.20. East Tuesday the average of transactions through Bevsa it was $42.3two, after falling 0.5% compared to Monday.

So so far this year, the dollar accumulates a fall of 5.8% against the Uruguayan peso and its nominal price returned to the levels of January 2021.That year the exchange rate had touched a floor of $41.90 in the interbank market.

On the blackboard to the BROU public, the dollar lost 20 hundredths compared to Tuesday’s close and the purchase was below $41 ($40.90), while the sale is offered at $43.10 at midday.

Strong decline in Brazil

The Brazilian foreign exchange market also operates with a similar trend although the real strengthens more than the Uruguayan peso around noon this Wednesday.

The US currency falls 1.25% and is trading at 4.85 reais per greenback, its lowest level since June 2020. The market is viewing a tightening of monetary policy with a Selic interest rate at 13.25% for June to contain inflationary pressures in that country.

Globally, the dollar appreciates again. The dollar index, which measures the US currency with the world’s main currencies, advances 0.31%.



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