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He dollar registered a sharp decline this Thursday, trading at 710 Chilean pesos with which it reached a new minimum price since the beginning of the social outbreak.
In its counterpart, while this decline in the US currency occurs, the Chilean peso has strengthened amid the stability of the price of copper, which is around 3.5 dollars per pound.
The speculation has been caused by various factors such as the appearance of new strains of the coronavirus, the advance of vaccines against Covid-19, the imminent agreement for Brexit and the operational closure of the United States government by the end of the year.
However, the market analyst at XTB Latam, Francisco Roman, he warned Third that “technically we expect the exchange rate to fluctuate around the 700 as support and 725 as resistance“.
So the currency is not expected to break the 700 peso barrier in the next few days.
🔵It is happening: the dollar begins the day with another sharp fall and is trading at 710 pesos. It reaches a new minimum price since the social outbreak. @Cooperative pic.twitter.com/IbJrkRqfDP
– Felipe Gallegos (@ FelipeGallegos7) Dec 24, 2020
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