New fall in the dollar: Chilean peso ranks as the second best performing daily currency | Economy


The dollar in Chile closed the week with new falls. Despite a 0.49% decline in copper on the London Metal Exchange, it was in the $ 4,217 a pound.

According to data from Bloomberg, the exchange rate ended the session at $ 733.30, after a fall of $ 8.68, its largest decrease in a month, according to Diario Financiero.

With this, the Chilean peso became the second best performing daily currency, behind the South African rand.

This is related to a 0.26% drop in the dollar, while the market analyzes the optimistic employment data for June in the United States.

“Employment data have been the protagonists in the movements of the greenback worldwide, commented the Head of Studies, Ricardo Bustamante.

While the average hourly income was not higher than expected, this “It removes certain inflationary pressures that markets have feared so much in recent months”, added.

According to the market strategist at XTB Latam, Nataly Venegas, the path of the dollar will be determined by the Fed’s next monetary policy decisions, as well as by the central bank of Chile after the publication of the CPI.

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