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Dollar rises in the world and in Chile closes stable for trade negotiations and caution in front of the Fed




The dollar is back on world markets in the expectation that the Federal Reserve will end its policy of withdrawing the monetary stimulus in the afternoon. In turn, the second round of talks between China and the United States improves the mood of investors.

The dollar index – an indicator that measures the performance of the currency against a basket of six world currencies – works with a slight increase of 0.06%.

The currency was recovered after the publication of data on the jobs of ADP, which revealed that employers in the United States added 213,000 jobs in January, exceeding market expectations.

For the rest of the day, the market will remain at the end of a monetary policy meeting of the Fed. In conditions of persistent signs of economic slowdown, investors expect the Federal Open Market Committee to maintain the rate in the range of 2.25% to 2.5% at the end of the monetary policy meeting.

At the local level, at the end of the operation on the interbank market, the dollar was quoted at $ 667.7, which means a decrease of $ 0.1 compared to the end of the previous day.

The performance of the Chilean peso occurs despite rising copper prices, an excellent reference to the national currency. Red Sea deals for March rose by 1.37% and are at $ 2.75 per kilo in London, amid optimism for trade negotiations.

"The dollar closes stable despite the strong copper growth of 1.37%, which has no effect on the further strengthening of the national peso. Another measure of counterweight that helped boost the dollar was the publication of the ADP's employment survey," explains the Alpari analyst analyst Cesar Valencia.


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