After the sharp drop recorded on Wednesday, the dollar recovered ground this noon in the local exchange market, and also at a regional and global level, on a day marked by Russia’s military invasion of Ukraine.
At around 11:40 this day, the average price of local interbank operations was $42.93, with a maximum price of $43 and a minimum of $42.75, according to data from the Electronic Stock Exchange (Bevsa). .
On Wednesday the currency had fallen 0.86%, the most significant decline since July 2020and had settled at $42,268 at the wholesale average.
For its part, on the BROU board, the public currency also rose and was offered at $41.90 for purchase, and $44.1 for sale, almost 70 hundredths more than yesterday’s close.
Globally, The Dollar Index, which measures the value of the US dollar relative to a basket of foreign currencies, rose 1.17% up to 97.5 units.
In Brazil the dollar rose 2.6%, to 5.13 reais per unit. In Chile, after falling to its lowest level in five months, the dollar rose 14.9 Chilean pesos to 805.7 units.
“With this further escalation in the conflicts between Russia and Ukraine, assets considered higher risk and linked to the economic cycle show strong weakness. (…) If we continue to see attacks by Russia in Ukraine and other powers get involved in a warlike manner, the dollar could continue to climb in its price, since it is also usually considered a refuge, especially when the negative scenario is not in the United States,” he said. the head of trading studies at Capitaria, Ricardo Bustamante told Diario Financiero de Chile.
The Observer and Financial Newspaper
