Friday , April 23 2021

The dollar operates steadily amid renewed tensions over the trade war




The dollar is not able to recover from the Chilean peso so far in operations this Friday. The timid appreciation of the local currency occurs despite the decline in copper prices due to new tensions due to the trade war.

A few minutes after the opening of the interbank market, the dollar was quoted at US $ 676.3, which represents a drop of US $ 0.1 compared to the previous day's close. At its current level, the dollar accumulated a $ 16 pullback in three consecutive days to the downside.

The appreciation of the Chilean peso occurs in a climate marked by the resumption of commercial uncertainty. Yesterday, it was found that the Chinese government plans concessions to the United States, which showed a breakthrough in the negotiations between the two powers.

However, uncertainty returned among investors on Friday after a senior Trump official said the Asian giant's proposals would not be enough to reach an agreement.

With this more volatile scenario, the Dollar Index – which measures the performance of the currency against a basket of six world currencies – showed an advance of 0.6%.

Meanwhile, copper – an important benchmark for the Chilean peso – fell 0.22% to $ 2.75 a pound on the London Metal Exchange.


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