The dollar completed this Friday nine consecutive days on the rise in the local market and returned to exceed the range of $ 42 in the interbank market after 4 months. This in a context of strengthening of the US currency against other global currencies in recent days.
During the last session the ticket registered a rise of 0.39% and remained at $ 42,116 in wholesale average, according to data from the Electronic Stock Exchange (Bevsa). The last operation of the day was agreed at $42.2 with a rise of 0.72%. In the weekly index, the currency advanced 4.5%.
The operations of the day totaled US$ 32 million, according to data from the Central Bank of Uruguay (BCU).
The advance was also reflected on the board of Banco República (Brou). The dollar was trading at $40.9 for purchase and $43.50 for sale near the close, with an increase of 40 hundredths.
In the region and the world
At regional level, in Brazilthe US currency fell 0.31% to 5.40 units per greenback.
And in Chili The announcement of intervention by the Central Bank managed to push the dollar back below the 970 peso mark after a successive wave of historical highs that led the currency to exceed 1,050 pesos on Thursday.
The Board of the Central Bank of Chile reported on Thursday night that with the aim of facilitating the adjustment of the Chilean economy to the uncertain and changing internal and external conditions, it has decided to implement a program of foreign exchange intervention and preventive provision of liquidity in dollarsfor an amount up to $25 billion starting next Monday, July 18 and until September 30, 2022.
Globally, the dollar index that measures the value of the US dollar in relation to a basket of foreign currencies stood at 107.91 units with a positive variation of 1.02% in the week.
The dollar it has strengthened in a context where the markets are betting on the Federal Reserve’s rate hike. Fed Governor Christopher Waller on Thursday signaled a possible one percentage point hike in interest rates; a measure unprecedented in more than 30 years and another indication of the determination to stop high inflation.
In March the Fed began aggressively raising interest rates to cool demand amid the impact of the war in Ukraine and the covid lockdowns in China. But data so far has shown no significant signs of easing, and inflation reports this week showed that consumer prices rebounded in June by 9.1% annually.
The blue continues to rise
the blue dollar went up again this friday and reaches another maximum in Argentina. The parallel thus continued with its upward trend, amid the noise and strong local tensions, while the financial dollars registered new advances since the first operations of the day. With an advance of 4 Argentine pesos, the price of the blue dollar rose to 288 pesos for the purchase and 293 pesos for salewhich represents another maximum.
With information from El Cronista, Diario Financiero and AFP
