How much is the dollar worth in Chile: check the exchange rate today, Thursday, February 10

The dollar price in Chile opened lower on Thursday due to the appreciation of the peso, despite the inflation data from the United States that exceeded expectations, which would reinforce bets that the United States Federal Reserve will raise interest rates several times this year to from March.

The , down 1.61% from Wednesday’s close, according to Reuters.

US consumer prices rose sharply in January, triggering the biggest annual rise in inflation in 40 years, which could fuel financial market speculation of a 50 basis point interest rate hike next year. month, when those responsible for monetary policy at the Federal Reserve meet.

The consumer price index rose 0.6% last month after advancing 0.6% in December, the Labor Department said on Thursday. In the 12 months to January, the CPI jumped 7.5%, the biggest year-over-year rise since February 1982.

Meanwhile, the key interest rate in Chile would rise to 6.75% at the Central Bank’s monetary policy meeting in March and reach 7.25% in five months, amid a rapid withdrawal of the monetary stimulus that the agency applied since the start of the coronavirus pandemic, a survey of analysts said on Thursday.

However, the rate would drop to 7% in December of this year, according to the Survey of Economic Expectations (EEE).