Tuesday , December 1 2020

Dollar in Chile today $ 686.7 began, despite the rise in emerging currencies.

The local course is undocked from the growth in most Latin American currencies and amounted to $ 686.7 at the end of the day.

Despite the boom of living in the developing countries of world currencies, the dollar in Chile ended the day higher, reversing losses in the morning and up to about $ 685, which is closed on Friday.

Not paying attention to the US currency lost 0.31% against a basket of hard currencies, the exchange rate quoted on the local market at $ 686.7, which is more than $ 1.4 hit on Friday.

In this case, the exchange rate is separated from what is happening outside the country, a multilateral lower dollar and an increase in most major emerging currencies. In addition, the boom also came to Latin America with all major currencies in the region sac√°ndole lead to dollar less than the Chilean peso and the Argentine peso.

low prices for copper supported the strengthening of the weight of the dollar. LME, industrial metal fell 0.14% to $ 2.7649 per pound US, according to Cochilco data, while f & # 39; yuchersy on Comex provide about 0.5% active time.

important meeting

This occurs while the international markets are preparing for the meeting of the US Federal Reserve (Fed), which will take place between Tuesday and Wednesday.

While investors take for granted that the bank will raise interest rates again, the question that has markets on tenterhooks with & # 39 is that the standardization strategy presented by officials for the next year.

The perception of a more aggressive Fed monetary normalization can give additional impetus to the dollar in the short term, while more attention to the lights or comments to achieving progressively the concerns about a possible slowdown in economic growth may weaken the strength.

In addition, the US is in the process of approval of the budget, which increases uncertainty in the markets. Regardless of concerns about global economic growth in the framework of a trade war, after the IMF said it is likely to leave, changes in economic assessments.

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