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December 12, 2022
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The dollar fell again and moved away from $39 in the interbank

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The dollar It fell this Monday for the fifth consecutive day and with it it continued to move away from the $39 range in the wholesale market.

The US currency lost 0.16% in the first session of the week and stood at $38.81 on the interbank average, according to data from the Electronic Stock Market (Bevsa). It is the lowest nominal value since the end of February 2020.

So far this year, the exchange rate fell 13.2% compared to the end of 2021.

This Monday there were operations for a total of US$ 31 million and there was no intervention from the Central Bank (BCU).

For its part, on the board of the Bank (BROU), the dollar was offered at $37.7 for purchase and $39.9 for sale.

In Brazil, main exchange reference market, the dollar rose 1.35% to 5.3179 reais per unit.

Globally, the dollar index which measures the value of the US dollar in relation to a basket of foreign currencies rose 0.33% to 105.16 units.

The markets’ attention this week is focused on the publication on Tuesday of US inflation data for November.

And between Tuesday and Wednesday the US Federal Reserve (Fed) will hold a new meeting. A rate hike of 50 bp to 4.5% is expected. The market will be especially attentive to the economic and interest rate projections, as well as to the press conference of its president, Jerome Powell.

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