Tuesday , May 11 2021

The dollar in Chile today

In Powell's words reconfigured the expectations for an increase in the rate, the exchange rate lost $ 6 for the opening.

The president of the United States Federal Reserve on Tuesday gave a speech that shifted expectations of increasing market rates and immediately distracted the dollar from the global level. But, as it happened yesterday after the closing of the foreign exchange market, the local exchange rate is in the opening phase.

In the first operations of the day, the dollar in Chile is $ 669.3, a decline of $ 6.2 compared with yesterday's price.

The key, according to realtors in the market, is in comments made yesterday by Federal Reserve Chairman Jerome Powell. In a speech with which investors were uncertain, the official said the rate was close to its neutral level, which led to the light that the US power plant could have paused in the process of monetary normalization.

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This generates a boom this morning in new currencies, where most have used the dollar. It should be remembered that this class of assets is in trouble throughout the year to the extent that the Federal Reserve gave in the first months of the year lights on a more aggressive agenda to increase rates from what was considered in 2017.

For its part, the global dollar price – measured through the US Dollar Index, which contrasts with a basket of currencies – returns after yesterday's fall with Powell's words.

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