Dlar closes with a loss of $ 4.40 against the weakness of the world currency

Dlar ends with a loss of $ 4.40 before the global weakness of the currency

Tuesday, July 3, 2018

Economy and e-commerce

Future Value

The dollar in Chile closes the day with a $ 4.40 to $ 649.80 and $ 650.10 on sale

The negotiated amount reached 1,090 million US dollars, or $ 10 million less than the 1,100 million US dollars registered on Friday.

] The day was marked by the global weakness of the "green ticket". And it is that the dollar index, an indicator that measures its strength against a basket of currencies, fell by 0.24% to 94,649 units.

In this way, it did not affect the 0.16% each to end on Tuesday the copper at the London Metal Exchange (LME), with a price of $ 2.98668 per pound "grade A".

This is the lowest level of red metal since March 26, the date of its listing. Meanwhile, US plant orders rose in June 2018, up 0.4% from May to US $ 498.2 billion, according to the report. reported the Ministry of Commerce.

This figure followed a 0.4% increase in April and was above the 0.0% increase expected by the market.

Daniel Merio of XTB Latam said that "the greenback fell -1.1% weighted by the bottom of the dollar against emerging currencies, highlighting the cross against the Mexican peso, down -1.95 % by the measured speech of the elected candidate Lpez Obrador. "

EXPECTATIONS

XTB Latam said that" at the moment, the exchange rate should maintain some downside tones. "The market with a low volume of transactions for the holidays in the United States, until Thursday when American ADP data is published. "

For its part, Scotiabank GBM commented in a report that" even though we expect some relief for the In the months coming up, the risk of further appreciation of the exchange rate due to increased optimism in Chile can not be ruled out.We have incorporated only a modest additional appreciation, since we now expect that the peso will close the year at 602 dollars per US dollar. "