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The dollar rises in the world and Chile closes steady for trade talks and caution before the Fed




The dollar recovers on world markets in the expectation that the Federal Reserve will end its policy of withdrawal of monetary stimulus in the afternoon. In turn, the second round of talks between China and the United States improves the mood of investors.

The dollar index – which measures the performance of the currency against a basket of six world currencies – operates with a slight increase of 0.06%.

The currency rebounded after the release of ADP employment data, which showed that employers in the United States added 213,000 jobs in January, surpassing market expectations.

For the rest of the day, the market will remain expectant at the end of the Fed's monetary policy meeting. Amidst the continuing signs of economic slowdown, investors expect the Federal Open Market Committee to keep the rate at 2.25% for 2.5% at the end of their monetary policy meeting.

At the local level, at the close of operations on the interbank market, the dollar was quoted at US $ 667.7, which implies a decrease of US $ 0.1 compared to the close of the previous day.

The performance of the Chilean peso occurs despite the increase in copper prices, a major reference for the national currency. Red metal contracts for March are up 1.37% and are at $ 2.75 a pound in London amid optimistic trade talks.

"The dollar closes steadily despite a strong copper increase of 1.37% and has no effect on a further strengthening of the national peso. Another countervailing measure that helped the dollar to strengthen was the publication of the ADP employment survey." explains César Valencia, an analyst at Alpari Research.


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