Dollar in Chile today – Diario Financiero

After starting operations lower, the local exchange rate rose $ 1.98 to $ 754.9, according to information from Bloomberg.

In a volatile day for the dollar globally, the price of the US currency in Chile turned around from its morning operations and went to positive territory. Even in the face of a new rise in copper on the London Metal Exchange, where it reached US $ 4.21 a pound after an advance of 0.7%, according to information from Cochilco.

Thus, according to data from Bloomberg, the exchange rate closed the day with a gain of $ 1.98 to $ 754.9.

This was also due to a advance of 0.10% of dollar index, which compares its performance against a basket of the world’s major currencies, and reached 92,850 points.

“The two main drivers of the last days for the exchange rate show movements that generate opposing forces, seeing a global greenback boost and copper advance “, explains Capitaria’s Head of Trading Studies, Ricardo Bustamante.

“This slight movement of the dollar in our country occurs in the midst of the absence of important economic news, where the markets have shown less concern about the increase in cases of coronavirus momentarily. Although there are still fears about the possible withdrawal of stimuli from the Fed due to high inflation in the United States, which could cause further increases in the North American currency in the coming days, “he adds.

Meanwhile, for the next few days, “we could see a strength in the price of the dollar globally, since the inflationary situation in the United States gives rise to the Fed so that it can accelerate the withdrawal of monetary stimuli “, says the market analyst of XTB, Nataly Venegas.

The next monetary policy meeting of the US central bank, this July 28, and the words of its president Jerome Powell at the press conference, “could be the starting point to begin the sale of shares, leaving the dollar as a probable safe haven asset, “he adds.

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