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Dollar Point Falls as Fed ‘Eases’ Rate Hikes

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In parallel, we do not expect significant volatility in the market today as a result of the US Thanksgiving holiday.

Chile’s exchange rate weakened during the session after the Fed admitted to starting to “ease” rate hikes.

The dollar opened at $910 on Thursday and failed to rise above $915 on the first move.

In the US, most members of the Federal Reserve would agree to slow the pace of rate hikes.

“With inflation decelerating to 7.7%, news from the Fed has given investors optimism, shifting investors from the dollar to variable income assets, and the 6.15% decline in the dollar index that reached September. Juan Ortiz Godoy, Senior Market Analyst at XTB Latam, said:

However, no significant volatility is expected in the market today as a result of the US Thanksgiving holiday.

On the copper side, they added, appearing to benefit from XTB Latam, which gained 0.65% “as a result of the fall in the dollar index despite the fact that China is on the record of contagion.”

Ortiz Godoy thought that the exchange rate could fall to around $910, and if it hits $900, it could rise in the support zone.

Source: Biobiochile

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