Saturday , May 8 2021

The dollar in Chile was today $ 686.7 despite the rise in emerging currencies.



The local exchange rate was cut off from the rise in most of the Latin American currencies and was $ 686.7 at the end of the day.

Despite the bullish rise in emerging currencies in the world, the dollar in Chile ended the day, turning the morning's losses and staying more than $ 685, which was closed last Friday.

When the US currency loses 0.31% of hard currency basketball, the exchange rate is listed on the local market at $ 686.7, or $ 1.4 more than on Friday.

By doing so, the exchange rate will be pulled out of the country, which is going to happen outside the country, the multilateral dollar bill and most of the major emerging currencies rising. In addition, the boom also rose to Latin America, where all the major currencies in the region utilized the dollar minus the Chilean peso and Argentine pesos.

The fall in the price of copper strengthened the dollar's weight. On the London Metal Exchange, industrial metal fell from 0.14 per cent to $ 2.76 per cochilco, while Comex futures fell by about 0.5 per cent.

A key meeting

This happens when the international market is preparing for a meeting of the Federal Reserve (Fed), which will be held on Tuesday and Wednesday.

Investors are already aware of the fact that the community re-raises interest, an unknown with an exciting market is what is the normal strategy of action that defines officials for next year.

The more aggressive monetary policy perception of monetary policy normalization could give the dollar additional effort in the short term, while emphasis on a gradual focus or concerns about a possible slowdown in the economy may undermine its strength.

In addition, the United States is in the process of adopting its budget, which will increase market uncertainty. Despite the concern of the world economy within the framework of the Trade War, when the IMF showed that the economic forecasts are probably downward revisions.


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