Back to News
Market Impact: 0.22
Uruguay’s Push to De-Dollarize Boosted by New Money Market Funds
Source: Bloomberg
Currency & FXBanking & LiquiditySovereign Debt & RatingsEmerging Markets
Uruguayan investors are increasing allocations to peso-denominated money market funds and government bonds, reflecting growing confidence in local-currency assets. The shift supports Uruguay’s broader goal of reducing reliance on the US dollar, which is likely a modest positive for sentiment around the country’s funding profile.
AllMind Terminal
AI-powered research, real-time alerts, and portfolio analytics for institutional investors.
Request TrialMarket Sentiment
Overall Sentiment
mildly positive
Sentiment Score
0.15
More News
- Indonesia stocks suffer biggest daily slump since 1998 as MSCI weighs downgrade
- Why Indonesia Risks Being Removed From MSCI’s Global Indexes
- EU Seeks New Trade Powers to Cut Trade Deficit
- AI Selloff Deepens in Asia as Funding Fears Mount
- India's rupee forecast to weaken toward 100-per-dollar level even as RBI pushes back
- How the Houthis are helping Iran turn Saudi Arabia into a pressure point