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

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

Monday, July 30, 2018

Economic and Online Affairs

Future Value

The Chilean Dollar has The amount negotiated during the day reached US $ 1,090 million, which is $ 365 million less than the US $ 1,455 million that was traded during the day. recorded on Friday

The day was determined by the international weakness experienced by the greenback. Is the dollar index (DXY), an indicator that measures its strength against a basket of currencies, down 0.40% to 94.28 points.

That prevailed more than the 1.06% drop with Monday's closing of copper on the London Metal Exchange (LME), to be traded at $ 2.80547 per pound "grade A", a level compares to US $ 2.83563 on Friday and US $ 2.83722 on Thursday

Bci Estudios commented that "financial markets are showing greater appetite for risk and sovereign returns from rising US in the margin, reflecting a better market sentiment. " The 10-year rate It is quoted at 2.98% In currencies, the dollar is declining at the multilateral level and the currencies of the emerging economies are recovering. In recent days, the Chilean peso has been the most popular currency against the global dollar. The transient effects attributed to tensions over the trade war have pushed the exchange rate in recent weeks. "

Meanwhile, XTB Latam and" bearish outlook could be maintained based on China's PMI data to be released in the afternoon. "

EXPECTATIONS

Bci Studies Projected that "as economic fundamentals prevail, the exchange rate will continue in the fall and it will be at $ 635 by the end of the year. "