Lima – While US Treasury yields have fallen after a consecutive hike in recent weeks due to global nervousness, the spot dollar price has fallen slightly and this Wednesday led the mixed performance of Latin American currencies to point more upwards than downwards in the case of several currenciesamong which the Brazilian real stood out.
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A) Yes The Brazilian real rose, prompted by talks with Washington for an increase in Brazilian oil production with the aim of containing the increase in fuel prices; while the currency of Latin America’s largest economy is benefiting from expectations that its Central Bank will soon raise its benchmark interest rate.
URUGUAYAN WEIGHT SCORES ITS HIGHEST LEVEL OF THE YEAR
The Brazilian real was followed in second place the Uruguayan peso, which appreciated by 0.88% against the dollar at the end of the day Wednesday. Therefore, the dollar price in Uruguay continues to fall and broke the $ 41 barrier on Wednesday.
The North American currency ended the day at $ 40,796, the lowest level so far this year, and which, according to data published by the Electronic Exchange of Uruguay (Bevsa), meant a drop of 0.81% compared to Tuesday and the 0.75% in April. So far this year, the dollar has already fallen 9.21%, Bevsa said.
The dollar in Uruguay accumulates six days of decline, after the rebound in early April. The dollar closed at $ 40.9 on March 30, then strengthened for consecutive days until April 7, when it hit $ 42.059 before starting a new bearish streak for the past six sessions.
💰 📈 🇦🇷 The losing currency: The informal Argentine peso (blue dollar) continued to decline and closed 0.76% lower against the US dollar, at 199.5 pesos per US dollar. In this way, the gap with the official dollar has increased to 75.1%, despite the fact that the country risk of Argentina has decreased.
DOLLAR TODAY WEDNESDAY 20 APRIL
💸 Ranking evaluates so far this year
The Brazilian real, the Colombian peso and the Peruvian sol remain in the rankings of the major currencies on the list of emerging market currencies, according to Bloomberg. The Brazilian real once again achieved an appreciation of more than 20% against the US currency in 2022, while the Argentine peso continues to approach a 10% depreciation against the US currency.