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Chilean peso continues to perform well against dollar, which resumes near seven-month low

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Considering domestic and external factors, some experts predict that if copper rises, the dollar peso may continue its downtrend, initially targeting $790 before reaching $780. I’m here.

of dollar It opened at $800 on Wednesday with little movement, showing levels similar to yesterday’s session and below that value.

currency is in the price Last 7 months low .

Chile kicks off its monetary policy meeting today at its central bank. This is key to maintaining the strength of the peso.

“The big problem for our investors is If national economic leaders take into account a short-term decline in inflation or if demand for copper is still sufficient to face a strong dollar,” said Francisco Román, senior market analyst at XTB Latam.

of copper mainly Market demand is weak due to Chinese holidays this week.

BeFX general director Rodrigo Castillo added that tomorrow the US growth data and unemployment insurance claims for the country will be released, which could offset the good growth data.

Considering regional and external factors, he said, “If we see a rebound in copper, Dollar Peso May Continue Downtrend, Target $790 In the first example, it reaches $780 later.”

Finally, Libertex analyst Ángel Rubilar said the market is generally waiting to see what the Federal Reserve (Fed) can announce.

“Rate hikes are the main theme investors are looking for, but a less aggressive rate hike decision is already expected as macro data do not point to a clear US recession.

Source: Biobiochile

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