The dollar fell again this Thursday in the local exchange market for the second consecutive dayin line with what was observed in countries in the region, and in a day of global depreciation of the currency.
The US currency fell 0.34% against the peso and remained at $42,507 in the interbank average, according to data from the Electronic Stock Exchange (Bevsa). Meanwhile, the last operation of the day was agreed at $42.5, down 0.33% compared to Wednesday.
This Thursday, a total of US$ 13.1 million was traded and there was no intervention by the Central Bank of Uruguay (BCU) in the spot market.
For its part, in BROU’s blackboard currency was offered to the public at $41.30 for purchase and $43.70 for sale.
At a global level, the Dollar Index that measures the value of the US dollar in relation to a basket of foreign currencies fell 0.6% to 98.028 units.
In Brazil, the dollar also fell 0.89% to 5.03 reais per unit. In Chile, the exchange rate ended Thursday’s session with a slight fall and stood at 799.9 Chilean pesos per greenback.
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Wells Fargo Advisors explained that “Wall Street weighs geopolitical risks and continues to evaluate Fed policy announcement (…) Still, investors remain cautious after Russian officials refuted claims that significant progress had been made in “peace talks” with Ukraine.
The question that haunts the market agents is how much the US economy will slow down after the rate hikeswhich could be at least six this year, according to Fed officials.
The New York Stock Exchange ended highercontinuing its momentum on Wednesday despite a rate hike, in a market confident in the health of the US economy. The Dow Jones thus advanced 1.22%, the technological Nasdaq 1.33% and the S&P 500 1.23%.
The main European stock markets closed unevenlycautious in the absence of progress in the negotiations between Moscow and kyiv due to the conflict in Ukraine, which may further impact the world economy.
The London Stock Exchange’s FTSE 100 index closed 1.2% higher, while the Paris CAC40 closed more cautiously at 0.36%. In Madrid, the IBEX35 rose 0.38%. In contrast, the DAX index on the Frankfurt stock exchange fell 0.36% and the FTSE MIB in Milan fell 0.66%.
In Asia, Tokyo’s Nikkei climbed 3.46%, Hong Kong’s Hang Seng rose 7.04%, and China’s CSI 300 climbed 1.96%. Asian equities were boosted after the Chinese government pledged support measures for the Chinese economy.
(The Observer, AFP and Diario Financiero)
