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The US currency stands at $ 719.42, which means a drop of $ 2.57 compared to Thursday’s session.
The operations of the dollar in the local market began this Friday with a fall against the Chilean peso, before a price of copper, the country’s main export product, that continues to climb relentlessly.
Internationally, there are good expectations that in the United States an agreement is reached between Democrats and Republicans to launch new fiscal support measures and thus face the economic impact of the coronavirus, a scenario that would put downward pressure on the US currency in the world.
The opposite of what happens in Europe, where talks to reach a trade between the United Kingdom and the European Union are blocked, according to authorities on both sides.
In the country, this week the government’s plan for the delivery of vaccines was released, which have already been authorized by the Institute of Public Health.
That is how The dollar stands at $ 719.42, which means a drop of $ 2.57 compared to Thursday’s session, according to Bloomberg. In this way, the currency remains at levels prior to the social outbreak of October 18 of last year.
Copper futures, meanwhile, rose 0.79% on the London Metal Exchange, to US $ 3.63 a pound.
“If you follow the meeting Copper is bullish, and if we add to this the downward trend of the dollar index, the exchange rate could fall towards the support of $ 715. Otherwise, if copper fails to overcome the ceiling it is currently at , there could be a small correction, which would weaken the Chilean peso against the dollar, increasing the price of the exchange rate in Chile towards $ 730, “says XTB Latam market analyst Nataly Venegas.
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