Tuesday , January 19 2021

The dollar in Chile today

The local exchange rate ended operations at $ 677.8, while the US currency served with a soft drop in the world.

The world's forward currencies are taking a break from the turbulence they have experienced in recent days, with a new hope that the prolonged end of the trade war could come, even though the risk in Europe and the Fed continues to raise doubts for investors.

By the end of today's operation, The dollar in Chile stood at $ 677.8, which corresponds to a decrease of 5.2 compared to yesterday's seal.

This is done in conjunction with greater appetite for risk in global currency markets. At present, the most important new currencies rise in blocks with few exceptions, while the international price of the dollar measured by Dollar Index, which contrasts with a basket of currencies, falls 0.35%.

It comes after US President Donald Trump showed optimism in trade negotiations with China, which could bring the end to the trade war. In addition, the president said he is willing to enter into negotiations in the case of Meng Wanzhou, a leading employee of the Chinese company Huawei, if it helps both powers to reach agreement.

The commercial war has been one of the elements that adds more volatility to the new currencies during the year, affecting commodity prices and risk aversion of the international community of investors when they throw uncertainty due to global growth.

Risk ahead

Although Theresa May's leadership in the United Kingdom was directly challenged, endangering the EU's ex-change agreement, the euro is operating with a small win against the dollar in line with rising stock markets. region.

Of course, the market points out that a result that increases the level of uncertainty in the old continent can lead to movements in the international currency market.

This is particularly important for the Dollar Index, as the social currency is the heaviest in the curve, which measures the multilateral price of the US currency.

In addition, there is the Fed factor. And the fact is that the publication of core inflation in the US today gives rise to believing that the US federal reserve will allow room to continue raising interest rates, which could add an extra boost to the dollar. .

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