Tuesday , June 15 2021

The dollar interrupts the bullish gust and falls against the Chilean peso

The dollar put an end to its eight consecutive days on Tuesday, awaiting the Federal Reserve Chairman's Conference, where investors will look for monetary policy signals that will be accepted by the company this year.

on Dollar index – which measures the currency's performance against six world currencies – operates a 0.25% adjustment.

The weak dollar meets the expectations of the FOMC members and Fed President Jerome Powell's words.

"The tone of recent speeches is a much more conservative FED that can weaken the US dollar during the session," said XTB Latam analyst Carlos Kesada.

At the local level, on closing the interbank market, the dollar was quoted at $ 660.8, which means a decline of $ 2.5. Thus, the Chilean peso is the fifth emerging currency, which is most valued.

The implementation of the local exchange rate is observed despite the fall in copper prices, which is a very good starting point for the national currency. Red metal contracts for March are 0.60% lower and their price is $ 2.77 per kilo on the London Metal Exchange.

"We are on the second day of negotiations between the Chinese and US authorities, where there is not much progress and the chances of an agreement not increasing, which would mean that tariffs between the two countries will be back on March 1," KEZADA explains.

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