According to Powell's words, after moderating the rate-of-career expectations, the exchange rate lost $ 6 a day.
The President of the United States Federal Reserve held a conference yesterday, moderating the expectations of rising market rates and immediately reducing it to the world at once. But this happened yesterday after closing the exchange market, the local exchange rate reacted today.
At the end of the day operations, The Chilean dollar amounted to $ 669.5, which represents a significant decrease of $ 6 compared to the price of yesterday.
The key, according to market agents, is the comments made by Fed chief Jerome Powell yesterday. The suspect was an investor in the speech, the authority said the interest rate has gone through its neutral level, which makes it clear that US central banks can break a currency normalization process.
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This will cause current currencies to emerge from the emerging currency, which is currently rising in the block of dollars, with few exceptions.
It should be remembered that this asset class was in trouble in 2018, as the Fed paid an aggressive payment rate of one year before the year forecast in 2017.
On the other hand, the global price of the European Union, measured according to the Dollar Index, contrasting with a basket of currencies, almost changed Poweller's yesterday.
Of course, in the short term, a shorter term is expected to be waiting for investors to see new developments in trade between China and the United States. "The market needs to be careful before the start of the G-20 meeting, especially Donald Trump," he says, "there is a lot to solve in the fight for negotiation in China," says Ricardo Bustamante, head of commercial capitalization studies.
In this regard, the analyst argued that after a brief visit to Buenos Aires on Saturday, the clarity of the exchange market expectations could be greater.