The dollar returned to $41 in Uruguay; in Argentina the blue cut down streak

The dollar regained some ground lost in the last days of July and returned to $41 in the interbank price. The US currency also gained strength in Brazil and the argentine blue It went up again on Tuesday.

The average dollar of the wholesaler quoted this Tuesday at $41.01 with an increase of 0.86% compared to Monday. The maximum price traded through the Bevsa screens was $41.07 and the amount traded was US$16.8 million, according to the BCU. The exchange rate drags a fall of 1.6% in the last seven days and is trading 8.2% below the last transaction of last year.

On the blackboard of Republic Bank (BROU), the US currency was offered at the close of the day at $39.85 for purchase and $42.25 for sale.

In Argentina, the blue dollar rose 9 Argentine pesos this Tuesday. Amid the changes in the government cabinet and waiting for the first definitions of the new economic team led by Sergio Massa, the parallel reversed its downward trend, while the financial dollars registered rallies of up to 2%.

Regarding the official exchange rate, the retailer advanced to 138.50 Argentine pesos in the National Bank and 139.06 in the average of the country’s financial entities. The wholesaler, meanwhile, ended the day at 132.20 pesos, marking an increase of 31 cents compared to the previous closing.

In the parallel market, the blue dollar resumed its upward path and the informal price ended this Tuesday at 286 Argentine pesos for purchase and 291 pesos for sale, with a rise of 3.8% compared to Monday. In this way, it widened the gap to 120% with respect to the wholesale official exchange rate and to 109% in relation to the retail average.

In Brazil, the US currency traded at 5.27 reais with a daily rise of 1.8%.

Meanwhile, andl dollar index, which compares the currency to a basket of six currencies, rose 0.9%. The greenback was seen as a place of refuge for investors in the face of international tension due to the visit of the president of the United States House of Representatives, Nancy Pelosi, to Taiwan, which is taken as an open challenge to China. This was the first such visit in 25 years.

Stocks swung on a volatile day in wall Street this Tuesday, which finally closed in red, due to geopolitical concerns in the market. At the closing bell, the main Dow Jones index fell 1.22%, the Nasdaq 0.16% and the S&P 500 0.66%.

With information from El Cronista-RIPE and AFP

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