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The dollar has failed to recover against the Chilean peso until now for Friday's operations. The modest appreciation of the local currency occurs despite the decline in copper prices due to new tensions due to the trade war.
A few minutes after the opening of the interbank market, the dollar was quoted at $ 676.3, which represents a drop of $ 0.1 compared to the closing of the previous day. At its current level, the accumulated dollar retracement of $ 16 in three consecutive days of decline.
The appreciation of the Chilean peso comes in a climate marked by the resumption of commercial uncertainty. Yesterday, it appeared that the Chinese government was planning to make concessions to the United States, which allowed to advance the negotiations between the two powers.
However, uncertainty returned among investors on Friday after a senior Trump administration official said the Asian giant 's proposals would not be enough to reach an agreement.
With this scenario of increased tension, the Dollar Index – which measures the performance of the currency against a basket of six world currencies – recorded a slight increase of 0.6%.
Meanwhile, copper – an ideal benchmark for the Chilean peso – fell by 0.22% to 2.75 USD per pound at the London Metal Exchange
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