With a traded volume significantly lower than the US$ 40.4 million that were traded this Tuesday, the interbank dollar rose 1% this day and erased the (sharp) drop of the previous day, of equal magnitude. The average of the US$ 7 million that were operated in the interbank market this Wednesday stood at $39.47almost 40 hundredths above the previous day. While, the last operation through Bevsa was agreed at $39.55 (+0.89%).
The dollar had reached this Tuesday its lowest nominal price of the year in the wholesale market ($39.07).
In the board to the public of the BROU, the dollar advanced 35 hundredths at the close of the daya. The sale was offered at $38.35, while the buy was listed at $40.75.
In the Survey of Economic Expectations of the BCU for June, agents now see a dollar at $42 for the end of the yearthis is considerably less than the $43.21 that had been projected in the May survey.
In the region
Unlike yesterday, Tuesday, and against the grain of what happened in Uruguay, the dollar in Brazil weakened 1.4% against the real this day, which closed at 5.19 units. While, In Argentina, the blue dollar stabilized this Wednesday. The parallel price stopped the accelerated upward trend that it showed in recent days, which occurred after the new tightening of the exchange rate, while the financial dollars registered new advances throughout the wheel. The price of the blue dollar thus remains at 236 Argentine pesos for purchase and 239 for sale, with which it continues at a historical maximum and accumulates an advance of 33 pesos so far this month. At the same time, it marks a gap of more than 91% with respect to the official wholesaler and 83% in relation to the retailer.
For its part, in Chile, after setting on Wednesday a new intraday all-time high of 930.76 Chilean pesos amid a drop in copper and a global appreciation of the currency, the dollar moderated the advance somewhat at the start of afternoon trading and ended the session with a new all-time high by finishing at 925.57an increase of 12.66 units compared to yesterday’s close.
During this afternoon, the Budget Directorate of the Ministry of Finance of Chile reported that in the next 60 days it is estimated to auction a total of up to US$ 5,000 million excess liquidity in foreign currency of the fiscal box, with a daily maximum of US$200 million.
The information, published on the institutional website, warns that “whether due to significant changes in market and/or fiscal conditions, the amounts and terms indicated above may be modified, which will be informed in a timely manner.”
wall street uneven
The New York Stock Exchange ended without direction this Wednesday a day of high volatility, always worried about inflation and the risks of recession.
Near the end of the worst semester on the stock market since the 70s, the Dow Jones managed to gain 0.26%, but the technological Nasdaq lost a marginal 0.03% and the S&P 500 0.07%.
While, The main European stock markets closed lower this Wednesday, concerned about the risk of recession after persistent inflation and interest rate increases in the United States. The FTSE index on the London floor barely lost 0.15%, but the Frankfurt DAX lost 1.73%. 21% and the IBEX35 of Madrid 1.56%.
With AFP, Diario Financiero and El Cronista-RIPE
