Thursday , June 30 2022

The dollar fell & # 39; in Chile today



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After the words & # 39; Powell, moderate expectations & # 39; increases in interest rates, the exchange rate lost $ 6 during the day.

The chairman of the Federal Reserve & # 39; United States yesterday speech that ran expectations & # 39; increases in market rates immediately withdrawn from dollar global level. But since this happened yesterday after the close of the foreign exchange market, the local exchange rate reacted today.

At the end of day operations, the dollar in Chile was & # 39; $ 669.5, representing a sharp decrease & # 39; $ 6 compared with the price of yesterday.

The key, according to market players, is in the comments made yesterday by the head of the Fed, Jerome Powell. F & # 39; declaration had investors in & # 39; suspens, the authority said that the interest rate is close to its neutral level, that light that the US center can & # 39 ; take a break in the process & # 39; monetary normalization.

You can & # 39; is concerned: Know how the dollar will be at the end of & # 39; December, according to experts

This generated today boom in emerging currencies, which in & # 39; this time adding a block against the dollar, b & # 39; exceptions.

Of & # 39; recalled that the class & # 39; assets had trouble during 2018 due to the fact that in the first months of the year showed signs of Fed & # 39; schedule & # 39; more aggressive rate than was envisaged in 2017.

In turn, the overall price of the greenback – measured by the Dollar Index, contrasting with & # 39; & # 39 basket; coins – operates virtually unchanged after falling yesterday with words & # 39; Powell.

Of course, more volatility is expected in the short & # 39; time, because investors are still waiting for new developments in the trade war between China and the United States. "The market shows caution before the start of the meeting of G-20, especially after Donald Trump commented that much remains & # 39; to resolve the tariff fight with China," says Ricardo Bustamante, head & # 39; Commercial trials in & # 39; Capitaria.

F & # 39; this line, the analyst argued that after the proceedings, which will be held Saturday at & # 39; Bus Buenos Aires, can & # 39; there is more clarity on the outlook for the market exchange.

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