In the first interbank transactions, the exchange rate is 693.3 dollars, which is 4.7 dollars less than yesterday's closing.
After yesterday’s approach to $ 700, the dollar in Chile began the last day of the week with a sharp drop, moving away from the highs of almost three years, during which it worked.
In the first interbank transactions, the exchange rate It is quoted at $ 693.3, which is $ 4.7 less than yesterday’s close.
If yesterday the Chilean peso separated from its peers from strong purchases of institutional investors, today the currency is returning to other currencies in the region, such as the Brazilian real, which strengthens against the dollar, which falls close to 0.3% against a basket of hard currency.
Dollar movement in the local market is also supported by another day of growth for copper. Yesterday's Wall Street rebound stimulates investors yesterday, so the future price of Chile’s main export product will increase by 1.18%.
Carlos Quesada, market analyst at XTB Latam, said that “copper is estimated at 1% because the authorities of China and the United States met on January 7 to work out a solution to this trade war and possibly end before March 1, which is the deadline "adding that" in this scenario, we see bearish pressure on the local exchange rate seeking support at $ 690-692. "