2023-06-30 17:50:00
The dollar fell at the beginning of Friday followingnoon in the Chilean exchange marketthe last day of the first semester, in the midst of a recovery in the price of copper and following data that showed that key measures of US inflation cooled in May and consumer spending has stalled, suggesting that the main engine of the economy is beginning to lose some momentum.
At 1:50 p.m., the currency was trading at $802.45, down $1.31 compared to Thursday’s close, according to Bloomberg data.
Markets close the semester with gains despite the banking turmoil in the US and inflation
He dollar index fell 0.44%, following the US Department of Commerce reported that The Personal Consumption Expenditures Price Index, one of the Federal Reserve’s favorite inflation gauges, rose 0.1% in May to 3.8%, the smallest annual advance in more than two months in 12 months. years.
Meanwhile, Comex copper futures accelerated their recovery and advanced 2.01% to US$3.75 per pound.
“Today the dollar peso begins with a bearish opening and in the first operations we see it being pressured downwards by the rise in copper,” he said. Rodrigo Castillo, CEO of BeFX. “During this week we have seen a struggle to respect the $800 pesos.”
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