Sunday , January 24 2021

The dollar in Chile is today

The local exchange rate ended at $ 677.8, while the US currency was operating with a soft fall in the world.

The emerging currencies of the world are taking a break from the turbulence they have experienced in recent days, with a new light of hope that the end of the long-awaited war may come, even though the risks in Europe and the Fed continue to raise doubts for investors.

At the end of the day, The dollar in Chile stood at $ 677.8, down $ 5.2 from yesterday's close.

This happens in the context of greater appetite for risk in global exchange markets. As of now, the major emerging currencies are rising in blocks, with few exceptions, while the international price of the dollar, measured by the dollar index, contrasted with a basket of currencies, fell by 0.35%.

It came after US President Donald Trump showed optimism in the trade negotiations with China, which could bring the end of the trade war.In addition, the president said he would intervene in the case of Meng Wanzhou, senior manager of the Chinese company Huawei, whether it helps both forces to reach Agreement.

The commercial war is one of the factors that contributes to greater volatility in emerging currencies during the year, affecting commodity prices and the risk appetite of the international community of investors when they discard uncertainty according to global growth.

Forward risk

Although Theresa May's leadership in the UK has been directly challenged, which puts the EU exit agreement at risk, the euro is running with a slight gain against the dollar, depending on booming stock markets. Area.

Of course, from the market point shows that a result that increases the levels of uncertainty in the old continent could cause fluctuations in the international foreign exchange market.

This is especially important for the dollar index, given that the community currency is the heaviest in the basket in which the multilateral price of the US currency is measured.

In addition, there is a Fed factor, and the fact is that the core inflation announcement in the US is now giving reasons to think that the US Federal Reserve will have room to continue raising interest rates, which could give an additional boost to the dollar.

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