Monday , December 6 2021

Dollar in Chile today stood at $ 686.7, despite growth in new currencies.



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The local exchange rate declined from the increase of most Latin American currencies and amounted to $ 686.7 at the end of the day.

Despite the boom of growing currencies in the world, the dollar in Chile ended the day after the morning loss and stood over $ 685, which closed last Friday.

Ignore that the US currency loses 0.31% against a basket of hard currencies, the exchange rate quoted in the local market is $ 686.7, ie $ 1.4 more than reached on Friday.

This eliminates the exchange rate of what happens outside the country, with the fall of the multilateral dollar and an increase in the vast majority of the major emerging currencies. In addition, the boom also reached Latin America, with all major currencies in the region using the dollar minus the Chilean peso and the Argentine peso.

A drop in copper prices supported the strengthening of the dollar peso. In the London Metal Exchange, industrial coins dropped 0.14% to $ 2.7649 per pound, according to Cochilco figures, while Comex futures dropped about 0.5% at this time.

key Meeting

This happens when the international markets are preparing for the meeting of the United States Federal Reserve (FED), which is held between Tuesday and Wednesday.

Even if investors already take for granted that the company will raise interest rates again, it is unknown that the markets in tension will be what will be a strategy for normalization that will demarcate the officials for next year.

The perception of a more aggressive monetary normalization footprint can provide a further increase to the dollar in the short term, while highlights with greater focus on progress or comments affected by a possible slowdown in the economy may impair its strength.

In addition, the United States is approving its budget, which gives market uncertainty. Without considering the concerns of world growth in the context of the trade war, after the IMF stated that there are likely to be downward revisions in the economic estimates.

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