Friday , May 20 2022

After a bad year, the copper: the expectations are in the G20 to close the 2018 portfolio, with the good value of the dollar. | economy


It was not a good year copper the commercial wrecks caused by international markets were subjected to a rise in tariff barriers between the United States and China that remained in the uncertainties of the rest of the world.

However, the tension between the two powers at the end of the year has disappeared After the G-20 summit, this weekend in Buenos Aires is expected to stabilize.

The fluctuations of the red metal, the main buyer, is the Asian giant Dollar weight pricethat the currency of the emerging economy faces face to face.

Juan Carlos Guajardo, Executive Director of Plusmining, stated that at the end of the year copper would be 2 dollars, 80 cents pounds, while trading in the United States currency would have to be commercialized at around 665 pesos.

The Economist at the University of Chile, Alejandro Alarcón, has said that copper will not exceed $ 80 of $ 80 worth of $ 80, because the dollar may be very wide.

Eugenio Rivera, Chile's 21 Foundation, has indicated that the consolidation of the dollar will bring about a transfer of 685. million euros over the next few days.

The economist of Geminis, Alejandro Fernandez, said that in the short term prices may change, but they will end by the end of the year.

Investors with lower risk perceptions increased copper exposure in the markets last week and expected to continue in December.

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