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After the long weekend, the local currency market catches up with the global decline.
One of the ways to look at the current volatility of the markets is that, if last week the dollar in Chile touched at one point $ 700, now the exchange rate is less than $ 680.
In local interbank transactions, the US currency was quoted at $ 679.80, which is a drop of dollars compared to the closing of last Wednesday.
The key to this sudden move is what happened on the international scene when local markets were closed for the holidays.
Last Thursday, in a wave of optimism that boosted the badets considered riskier, the overall price of the dollar – measured by the Dollar Index, which contrasts with the currency of a basket of six world currencies – has reached its lowest daily level since since January .
According to the comments. Local operators, this low is what inspires the exchange rate this morning in Chile, unaware that today the currency is rising in the world for the second day in a row.
Thanks to this regression, the Chilean peso is the currency that rises the most among the largest in the world, ignoring the general decline in global emerging currencies at that time.
During the day, a recovery of the peso-dollar could accompany this decline. general, added to a new bout of selling pressure in copper, whose futures are around 1% currently.
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