The Chilean peso is already the currency with the best daily and annual performance among emerging markets.
After falling below the $ 850 barrier yesterday, the dollar in Chile begins today Wednesday’s session back down with a more optimistic outlook.
Specifically, The exchange rate falls at this time by $ 13.31 compared to the previous session, towards $ 834.59, according to data from Bloomberg. This is his biggest drop since November 22, 2021, following the first round of the presidential election.
The above is given when copper rose 1.22% on the London Metal Exchange to US $ 4.44 a pound, according to the Chilean Copper Commission (Cochilco).
“If the expansion of the omicron variant continues to take the daily contagion figures to new records in various countries of the world, short-term demand projections would be adversely affected, a situation that might support a further fall in the price of the red metal “, explains the head of studies trading by Capitaria, Ricardo Bustamante.
In such a way, The Chilean peso is already the emerging currency with the best daily performance, while at the annual level it also stands out in the first place.
Eye on the USA
For its part, the exchange rate is coupled to the performance of the dollar index -which measures the currency once morest a basket of even currencies- which falls 0.26% to 96,020 points.
This, on a day marked by the publication of the minutes of the December meeting of the Federal Open Market Committee (FOMC) of the Federal Reserve, in which it is expected to read new clues regarding future rate hikes. for this year.
“Today in the followingnoon we will be very attentive to the minutes of the last meeting of the Federal Reserve of the United States, where there might be news regarding next year’s rate hikes. If a more aggressive Fed is seen in the withdrawal of stimulus, the dollar might perfectly show a renewed momentum “says Bustamante.
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