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Home / chile / The dollar is growing in the world, and in Chile it is steadily closed for trade negotiations and caution before the Fed

The dollar is growing in the world, and in Chile it is steadily closed for trade negotiations and caution before the Fed




The dollar is regaining its position in global markets in the expectation that the Federal Reserve will complete its policy of withdrawing monetary stimulus in the afternoon. In turn, the second round of talks between China and the United States improves investor sentiment.

The dollar index – an indicator that measures the behavior of a currency against a basket of six world currencies – works with a slight increase of 0.06%.

The currency regained its position after the publication of data on ADP jobs, which showed that US employers added 213,000 jobs in January, exceeding market expectations.

The rest of the time, the market will remain expected at the end of the Fed meeting on monetary policy. Against the background of persistent signs of a slowdown in economic growth, investors expect the Federal Open Market Committee to keep rates at between 2.25% and 2.5% at the end of your monetary policy meeting.

At the local level, at the close of operations in the interbank market, the dollar was quoted at $ 667.7, which implies a decrease of $ 0.1 compared with the previous day's close.

The performance of the Chilean peso occurs despite the rise in copper prices, which is an excellent reference for the national currency. Contracts for the red metal in March rose by 1.37% and are at $ 2.75 per pound in London amid optimism regarding trade negotiations.

“The dollar is closing steadily, despite the strong growth of copper at 1.37%, which does not affect the further strengthening of the national peso. Another counterweight measure that helped the dollar strengthen was the publication of the ADP Employment Survey, ”explains Alpari Research analyst Cesar Valencia.


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