[ad_1]
The dollar rises around the world due to the concern generated by the increase in the yields of the Treasury bonds of the United States before the optimism about the recovery of the economy, an expectation that had pushed the stock markets to all-time highs.
The dollar index, which measures the US currency against a basket of six liquid currencies, including the euro, is currently experiencing a 0.50% jump and is about to touch 91 points
Earlier, against the Japanese yen, for example, it had climbed to five-month highs.
In Chile, the US currency was on the rise for a good part of the session, reaching an intraday maximum of $ 722.73. However, it was losing strength and after noon it began to depreciate.
In the end, at the close of formal operations, the exchange rate was $ 715.26, which represents a drop of $ 3.6 in relation to the previous closing and its lowest level since last January 8 (see graph) .
This is the sixth consecutive decline in the dollar, a period in which it accumulates a decline of $ 19.64.
“The strength that we saw in the opening for the dollar was fading during the session with the publication of the risk rating agency Moody’s, which raised growth projections for Chile from 4.5% to 5.8%,” said Carlos Quezada , Senior Trader at Libertex.
“The market today has received more signs of” overheating “in the economy, and it is that the voices that spoke of inflationary threats in recent days have received support from today’s PPI data, which was 1, 3% in January, well above 0.4%, with an annualized figure of 1.7%. This could anticipate future high CPI data ”, complemented Sebastián Espinosa, market analyst at XTB Latam.
