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Since May 15, the dollar has not made so much jump in the domestic interbank market, trading at 653 pesos, an increase of 6.2% over Tuesday.
The other side of the coin is copper, which has fallen on the London Stock Exchange for more than a month, recording its lowest value since July last year, at 2 dollars and 80 cents a pound
This was due to the trade war between the United States and China, which in a wave of protectionism mutually raised their tariff barriers.
Despite the uncertainty of the international markets, during Tuesday's day, Finance Minister Felipe Larraín modified the country's gross domestic product growth forecast for this year, placing it at 3.8 %.
That day, however, the Minister of the Economy, José Valente, was more cautious and it was noted that copper valuation would continue to decline following the persistence of this confrontation .
the authorities corrected these growth expectations, as businessmen pointed out that They can not be maintained if the conflict between the two powers persists.
This is what the President of the Confederation of Production and Commerce, Alfonso Swett, said.
The director of the Magister in Financial Economics at the University of Santiago, Orlando Balboa, said that the high price of the dollar could somehow dampen the impact of the business cycle.
By a document, the Blanca Chamber gave a new list of products from China will be badigned new charges, this time of 10%, for a total of 200 billion dollars .
This is a sign of the escalation of his trade war with Beijing that officially came into effect on Friday when the government enacted a 25% tax rate, corresponding to $ 34 billion dollars, to 818 categories of imported goods. from the Asian country.
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