Wednesday , October 27 2021

The dollar is against the Chilean peso in order to be more optimistic about the commercial conflict


Chile's peso hit the dollar shut down Wednesday. Local money valuation occurs at less commercial tolls, and the feeling of uncertainty before the Federal Reserve message is also low.

At the end of the inter-bank market operations, it was $ 688.0, which is $ 1.1.

The behavior of Chilean peso is the advance of copper prices, a great national currency reference. March metal metallic contracts rose 0.60% to $ 2.67 in $ 2.67 in London for Metal Transfers in London, as China and the US continued trading.

That is, while the dollar is diminishing in international markets while the end of the Fed's monetary policy meeting ends. In operations, the Dollar Index – which measures the yield against the basket Six currencies in the world: retirement 0.30%.

"The USD index is trading downwards in the face of the increased increases in interest rates, but it is based on the speech by Jerome Powell. Markets see the FED much more conservative, with its monetary policy 2019," explains XTB Latam market analyst, Carlos Quezada.

With this scenario, the currency baskets work in troubled terrain, and Chile's weights have a tenth position in the list of the biggest advances in the dollar.

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