The dollar in Chile began the day lower amid the appetite for risk that returned to the foreign exchange marketsas investors weighed the possible impact of an expected rate hike in the United States this week, according to Archyde.com.
Looking ahead to noon, the dollar is down $14.41 from Friday’s close and is trading at a value of $942.47. Thus, the US currency might break its streak of three consecutive days on the rise.
So far today, the US currency has traded at a high of $952.82 and a low of $935.70. In addition, the Chilean peso is the third most appreciated currency in the world once morest the dollar. The local currency is only surpassed by its pair of Brazil (2nd) and Seychelles (East Africa), according to data from Bloomberg.
“After the strong rebound on Friday, when the Banco Central of Chile announced a lower sale of dollars for this week, the greenback registers a certain correction at the beginning of this week, where external factors have supported this movement”, comments the head of trading studies at Capitaria, Ricardo Bustamante.
The Chilean peso is also strengthened by the rise in copper. The price of Chile’s main export rose 1.03% on the London Metal Exchange and is trading at a value of US$3.378. Meanwhile, the three-month price of the reddish metal gains 0.28% and registers a price of US$ 3.36 per pound.
For its part, the dollar at the international level continues to decline. The measurement of the green ticket once morest the most important currencies in the world loses 0.18% and is heading for its third day in negative territory.
The dollar market will also be marked this week by external factors, given the publication of US economic growth during the second half.
