Monday , December 6 2021

The dollar in Chile today



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In interbank transactions, the dollar in Chile amounted to USD 688, which corresponds to a slight decrease of 1.1 USD compared to the end of the previous day.

With the eyes of the United States Federal Reserve, foreign exchange market investors are more optimistic, raising the price of Chilean peso this day.

In interbank transactions, the dollar in Chile amounted to USD 688, which corresponds to a slight decrease of 1.1 USD compared to the end of the previous day.

With this, the local market is linked to what happens abroad, where the US currency – measured by Dollar Index, which contrasts with a basket of currencies – fell and most new currencies are rising.

In addition, the modest development of the Chilean peso is supported by a decline in copper prices. Following complex days for the country's premier exports, Futures futures come in Comex.

All of this occurs while the global market awaits Fed's announcement after a two-day monetary policy meeting.

Although it is almost assumed that the US Central Bank will raise interest rates once a month, a total of four increases in 2018, the eyes are on the signals to be given by governing bodies in the Growth Strategy for next year.

In that line, local players indicate that the increase in risk assets indicates that investors expect a more expansionary Fed for this afternoon, which would support a break in the dollar's upturn.

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