The dollar falls in the first operations despite another significant drop for copper

The dollar continues to fall globally and also in Chile, following a decline in tensions around the war. commercial that worries the world and investors.

In the first operations on the local interbank market, the US dollar fell $ 2 to $ 650.5 seller.

The Dollar Index – which measures the currency's fluctuations compared to a basket of six world currencies operated with a minimum of 0.37%, it aimed resolutely to record its third consecutive decline.

This overall decline was badociated with the drop in temperature around the trade war that has the main protagonists of the United States, China and Europe and has been accentuated after the data on the American labor market.

"The tension badociated with US protectionist measures persists, although a little more moderate during the day," said Bci in a report.

It should be remembered that US tariffs on China will come into effect for $ 34 billion tomorrow and that similar reprisals are expected from Beijing.

Copper

The warning for the Chilean peso is copper, which is now experiencing its ninth consecutive decline on the London Metal Exchange, which is its worst sequence since November 2015.

The Pound fell by nearly 1% and continues to fall below the psychological barrier of the Red Metal Futures in September and December fell by 2.13% at the local close, according to Bloomberg figures, amounting to US $ 2,8550 and US $ 2,88765 per pound, respectively.

They produce amidst the strong growth of the Chilean economy, according to May Imacec. The figure that would boost expectations around the beginning of a rate hike cycle in Chile even this year.

"At the local level, May Imacec data were released today exceeding expectations and consolidating 4.9%, considering these variables, the exchange rate should maintain nuances of indecision , not to exceed $ 655, I should maintain a bearish outlook, "said Daniel Meriño, market badyst at XTB Latam.