US dollar at bay in Paraguay but expected to grow

The US dollar retreated against the Paraguayan guaraní at the end of November but local analysts believe it will keep its upward trend in the days to come. An intervention from the Paraguayan Central Bank (BCP) was needed in October to keep it from crossing the ₲ 8,000 barrier and keep it on a leash to close Friday at ₲ 7,760 from ₲ 7,860 the previous month, thus representing a 1.2% decline.