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This Friday the dollar it traded lower at its opening, falling 0.21% and reaching $ 773.64, in line with the strengthening of the international index dollar, which rose 0.15%.
Global markets hope to take hold this day after the worst fall in months on Wall Street on Thursday, when investors “came to the conclusion that the incident was more specific to overvalued technology stocks than general development,” commented Francisco Román, analyst of XTB Latam markets.
Although the markets of the Asia-Pacific region closed lower, “the losses of around 1% have not been as severe as those observed in the United States,” he added.
The dollar and other traditional safe havens, for their part, failed to gain much traction. He dollar index index was limited and gold futures are only up 0.4% to $ 1,937 per ounce.
He copper, for its part, is on the rise, marking a rise of 1.15% and trading at US $ 3.029 per pound, that is, it continues on its best stage since 2018, above US $ 3 on the London Metal Exchange.
Technically we expect the exchange rate to fluctuate around the $ 757 as support and $ 787 as resistance, said Román, “since we see an upward price of copper, which this week consolidated over US $ 3 a pound, together with a slight strengthening in the dollar price at the international level, although it does not come out of values that we did not see two years ago , factors that should lead to a strengthening of the Chilean peso ”.
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