Dollar in Chile today – Diario Financiero



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After the Fed ignited the risk appetite with its announcement of monetary policy, the exchange rate fell $ 8.80 today.

The effect on the dollar globally was already perceived yesterday after Statement by the Federal Reserve of the United States (Fed), which backed suspicions that the US central bank will cut benchmark rates in July. And today, the Chilean peso has been updated.

The exchange rate ended the day at $ 683.70, down $ 8.80 from yesterday's close. This is the highest daily low since the end of January this year.

And at the international level the adjustment of US interest rate expectations has not stopped impacting the dollar. Moreover, at the moment it is what is dictating the pattern of the global exchange markets.

At this time, the Dollar Index – which contrasts the reference ticket with a basket of international currencies – has fallen 0.51%. With this, it has accumulated a loss of more than 1% in the last two days.

Emerging currencies, on the other hand, increase in blocks. Among the most important currencies in the world, only one yields the American currency: the Israeli shekel.

As if that were not enough, an advance in the price of copper gives an additional boost to the national weight.

In the London Metal Exchange, the country's main export registered a 1.14% advance, which left it at US $ 2.7043 per pound, while futures in all metal maturity terms value more than 1 %. the commodity market in New York.

Next days

What comes for the currency is always a mystery, but with the elements on the table, the market estimates that it can continue to fall in the next few days.

According to Capita's Negotiation Studies chief, Ricardo Bustamante, a drop below $ 680 in the next few days "could withstand an additional dollar weakness, taking the next technical floor to close to $ 673."

While Carlos Quezada, market analyst at XTB Latam, said thatIt is likely that tomorrow "we will see some recovery in the price that could lead to $ 683 – $ 685, but the trend is down, over the next week we can see the dollar trying to break the $ 680."

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