This is happening in the context of improved investor sentiment, awaiting new trade negotiations between China and the United States.
After a week moved to the financial markets, a wave of optimism raises the most risky assets, and the effects were felt on the Chilean currency market, with a sharp fall in exchange rates.
Upon completion of day operations, the dollar was $ 682.5, a decrease of $ 13.1 on the closure yesterday.
This is happening in a context of improved investor sentiment, awaiting new trade negotiations between China and the United States, which put pressure on the US currency globally.
At this point, the dollar index – which contrasts with a basket of six international currencies – is down 0.13%, while emerging currencies are appreciated in blocks in the world.
The Chilean peso is also supported by a rebound in copper prices. After a few difficult days, metal futures at all maturities increased by more than 2% on Comex.
Optimism, which also raises major world markets, stems from the positive reaction to a new rapprochement between Washington and Beijing, which, investors hope, may end the commercial war between the two giants. The Chinese government has confirmed that next week both countries will return to the table to negotiate.
In the last year, the trade war was one of the main problems for the Chilean currency. On the one hand, it affected the market sentiment, causing emerging currency outflows in refugee assets. On the other hand, the price of copper influenced, to which the peso tends to be correlated.