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It was down $ 4.5 in another volatile day
Although there was a moment in the morning when the dollar managed to exceed $ 654.5 on Friday, at the closing of the session the local exchange rate It gave way to bearish pressures and dropped back to $ 650, ignoring the deepening of the copper drop.
During the session, the US currency reached a higher intraday of $ 654.7, influenced by the seventh daily decline of red metal, but ended up being depreciated by $ 4.5.
This occurs in a boom of emerging currencies in general and Latin American currencies in particular.
Hand in hand with a weakening of the multilateral dollar, expressed in Dollar Index – which measures the reference currency against a basket of six world currencies – the main currencies of emerging countries have gained ground against the greenback . In addition, according to Bloomberg figures, only a handful of currencies in this segment lost ground, driven by a 1.3% decline in the Turkish lira.
In Latin America, the effect was even more pronounced: they all gained ground. The Mexican peso in particular, celebrated an escalation of 2.04% after Monday's local markets were hit by the victory of Manuel López Obrador.
After 13:30, followed by the Argentine peso, with an increase of 1.01%, and the Colombian peso which rose by 0.99%.
According to the local market agents, it is the good performance of the regional currencies, mainly that which has strengthened the Chilean peso in local parity,
In recent months, in the midst of turmoil in the global financial markets and As risk appetite declines, emerging currencies have been sharply depreciated against the dollar.
there are those who postulate that this could open an attractive entry point, which could increase the price of the currencies, the future is not clear where this type of "money" active goes.
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