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December 23, 2022
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Dollar returned to $39 and ended a streak of five weekly declines

Dollar returned to $39 and ended a streak of five weekly declines

The dollar closed the week before Christmas with a rise of 1.32% in the interbank average and Thus, it returned to trading above the threshold of $39. The interbank dollar closed the day at $39.1 according to data from the Electronic Stock Market (Bevsa). In this way he cut a weekly bearish streak that had dragged on for five consecutive times. It was also the second rise during the week.

Daily trading was for US$28.5 million at a minimum price of $38.85 and a maximum of $39.30.

In the Pizarra from Banco República, the dollar traded at $38.05 for purchase and $40.55 for sale.

The week closed without the central bank (BCU) will carry out interventions in the local exchange market. The president of the BCU, Diego Labat, referred to the issue days ago.

“We always say that the intervention is a tool that we do not rule out,” he said. Likewise, he pointed out that “the conditions have to be met and that the BCU understands that a reason beyond the circumstantial or very specific that warrants the intervention.

Despite the weekly rise, in dDecember the dollar has fallen 0.74% and $0.29. So far this year, the ticket drags a decrease of 12.52% equivalent to $5.60. The strengthening of the US currency is something that the export sector has been demanding.

The Exporters Union (EU) issued a statement a few days ago in which it expressed its concern about the exchange rate. “We alert about the impact that the sharp drop in the dollar price in recent weeks is having on the export sector,” he said.

In Argentina, the official exchange rate operated at A$ 172.74 for the purchase and A$ 1811.74 for the sale with a daily increase of 0.21%. In the parallel market, the blue dollar was traded at A$ 336 and A$ 340 for sale, up 3%.

In Brazil, the US bill behaved in the opposite way. At the end of the day, it was trading at 5.162 reais with a daily decrease of 0.19%.

Globally, the dollar index -which measures the value of the US against a basket of six international currencies- stood at 104.37 with a marginal drop of 0.05%.

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