Monday , May 17 2021

Dollar falls in Chile and the world after the ceasefire in the trade war between the United States and China | Economy

The dollar fell by $ 3.8 a barrel on Monday, compared with Friday's value, following an agreement reached between presidents Donald Trump of the United States and Xi Jinping of China.

It was this Saturday when the two leaders agreed not to impose new tariffs on their products on January 1st during a dinner held in Buenos Aires, Argentina, on the sidelines of the G20 summit.

At the end of Monday's Monday, the dollar was estimated at $ 669 in Chile, but its decline was worldwide. Only two currencies among the new (Indian rupee and Turkish lira) amortized in this scenario, down by 1.24% and 0.18%, respectively.

According to Pulso, this behavior is due to the climate of trust between investors under the agreement, who were motivated to invest in currencies that are more risky than the dollar, as PMI (index of purchasing managers according to its acronym in English) has exceeded market expectations.

Copper, meanwhile, rose to 1.64% on the London Stock Exchange, reaching $ 2.82, while the dollar index fell by 0.17%.

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