In the first interbank transaction, the exchange rate operated at $ 693.3, which was a decrease of $ 4.7 compared to yesterday's closing.
After approaching $ 700 yesterday, the dollar in Chile began the last day of the week with a sharp decline, moving away from the maximum of almost three years in which it operates.
In the first interbank transaction, the exchange rate This was quoted at $ 693.3, which was a decline of $ 4.7 compared to yesterday's close.
If yesterday the Chilean peso was separated from its peers against strong purchases from institutional investors, in today's currency the currency again follows other currencies in the region, such as Brazilian real which rose against the dollar which fell close to 0, 3% against a basket of hard currencies .
The movement of the dollar in the local market was also supported by another day's increase in copper. Wall Street's last-minute rebound yesterday boosted investors, so that the future price of Chile's main export products rose 1.18%.
Carlos Quezada, market analyst at XTB Latam, said that "copper was valued at 1% because the Chinese and US authorities met on January 7 to work on a solution in this trade war and might end before the end of the war." March 1, which is the deadline, "adds that" in this scenario we see bearish pressure for local exchange rates seeking support at $ 690 – $ 692. "