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The dollar lost 1% in the week and fell below $ 40 in the wholesale

The dollar traded slightly lower this Friday in the local exchange market. In the last session the currency fell 0.02%, and remained at $39,716 in the interbank average, according to data from the Electronic Stock Exchange (Bevsa). The last operation of the day was agreed at $39.7. In the weekly accumulated, the currency fell 1%.

The operations of the day totaled US$ 5.7 million and there was no intervention from the Central Bank of Uruguay (BCU), which remains outside the spot market so far this year.

So far in 2022, the nominal value of the dollar accumulates a decrease of 11.2% compared to the end of December 2021. For its part, on the board of Banco República (BROU), the dollar was offered at $ 38.45 for purchase and $40.95 for sale.

At regional level, in Brazil, the US currency rose 0.24% to 5.25 reais per greenback. In Argentina the Dolar blue It rose again this Friday and stood at 223 pesos for the purchase and 226 pesos for the sale.

Y in Chile the dollar accelerated its climb and reached 915 pesos, in a week marked by fears of a global recession and copper prices in full decline.

The Chilean peso is the third currency that has depreciated the most worldwide during the last week, with a fall of 4.52% in relation to the dollar, only surpassed by the Kazakh tenge of Kazakhstan (-4.53%) and the Colombian peso (-5.67%).

At a global level, the Dollar Index that measures the value of the US dollar in relation to a basket of foreign currencies fell 0.27% to 103.91 units.

Although the indicator remains at high levels, it has lost strength since its last peak in mid-June, when it exceeded 105,500 points. For the week, the dollar index fell 0.55%.

Instead of the greenback, the euro has taken a relatively greater preponderance, which in the last five days rose by 0.34% against the dollar, while gold has failed to consolidate itself as a refuge alternative.

bags on the rise

The New York Stock Exchange ended higher on Friday, with less anxiety over the idea of ​​a recession in the United States, and the prospect of an easing in inflation that could boost stocks before earnings season.

The Dow Jones thus gained 2.69%, the Nasdaq 3.34% and the S&P 500 3.07%.

(The Observer, Diario Financiero and AFP)

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