Weakening U.S. Dollar, Strong Peso Deals Blow to Uruguay's Economy

Weakening U.S. dollar, strong peso deals blow to Uruguay's economy

Uruguay has raised warning signals in its economic policy after its currency appreciated the most in the world against the dollar this week.

Uruguay’s farm sector warns low dollar threatens jobs as peso strength squeezes exports

Uruguay’s Rural Association (ARU) is warning that the slide in the U.S. dollar is pushing the farm sector into a “critical situation,” arguing that while a stronger peso may feel beneficial for people paid in local currency, the broader impact can be job losses in export-oriented activities.