[ad_1]
At the beginning of the session on Thursday, a downward trend was observed for the dollar, which was listed in the $ 713 falling 0.1%; and touching lows since August 2019.
This bearish price is coupled with the dollar index that is weakening internationally, falling by 0.08%.
The dollar loses strength at the beginning of the short trading day this Thursday, thanks to the possibility of an operational shutdown of the government at the end of the year in the United States, as well as the lack of a new fiscal stimulus, said Francisco Román, an analyst at XTB Latam markets.
The above, after the president Donald Trump threatened to veto a financing package $ 2.3 trillion, which also includes an expected $ 892 billion pandemic aid deal.
He copper It is also down, falling 0.15% and trading at 3.539 usd / lb.
“The red metal followed the Asian indices, which closed mixed, thanks to the apparent deterioration of the relationship between the Chinese government and the e-commerce company. Alibaba, which today added a new chapter with the opening of an investigation by the regulator against the alleged monopolistic practices of the conglomerate, ”explained Román.
At the local level, this Thursday begins the vaccination process of the vaccine created by Pfizer in our country, where the first people to be vaccinated will be health personnel, and then continue with education personnel.
Finally, the XTB Latam analyst pointed out that “technically we expect the exchange rate to fluctuate around the $ 700 as support and $ 725 as resistance, since we see the price of 3.5 usd / lb in copper, which continues its upward trend ”.
Román added that “we also see an index dollar losing ground in the market, ceasing to function as a safe haven asset, which gives us to understand that today the exchange rate must go down.”
[ad_2]
