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Investors are betting on riskier assets after the optimism generated by Trump’s signing of the US $ 900 billion stimulus plan for the US economy.
Dollar operations ended with a fall against the Chilean peso, amid the approval by the White House of the fiscal stimulus package issued by the US Congress.
The president of the United States, Donald Trump, finally decided to sign the economic support for US $ 900,000 million, This will allow the administration to continue operating and deliver aid checks for about US $ 600.
Similarly, markets continue to take advantage of the downwind left by the UK-European Union trade deal for post-Brexit life.
Thus, The US currency closed the day at $ 712.87, which means a drop of $ 2.26, compared to Thursday’s session, according to figures from Bloomberg.
For its part, copper continues its good streak and rises for the third consecutive session. The red metal futures in Chicago are at US $ 3,584, which represents an increase of 0.60%.
“We could see upward rebounds for the exchange rate in the following sessions, as it has been showing important technical oversold levels, while copper is once again approaching overbought levels, although everything will depend on whether the market remains positive that we have seen in the last two months, which have the US stock markets trading today at historic highs, “says XTB Latam market analyst Sebastián Espinoza.
“Copper prices in Shanghai rose for the third consecutive session on Monday as demand outlook improved after US President Donald Trump approved a coronavirus stimulus package to support the country’s economy, weakening the dollar for industrial metals and holders of other currencies, “adds Mercados G analyst Luis Alberto Reyes.
In the recent Survey of Financial Operators (EOF) published this Monday by the Central Bank, the experts consulted estimated that the The exchange rate in the next seven days will be around $ 715 and for the following weeks of January they expect it to be around $ 720.
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