Lima, January 10, 2022Updated on 01/10/2022 11:30 am
The dollar price in Chile it was trading higher this Monday, amid a global advance in the dollar and the expectation of higher interest rates in the United States for the coming weeks.
The exchange rate advanced 0.14% to 829.70 Chilean pesos for dollar, amid a global advance of the dollar and a decline in the price of copper, the country’s main export.
On the other hand, the main index of the Santiago stock market, the IPSA fell 0.13%, to 4,290.59 points.
According to Reuters, the main currencies of Latin America depreciated on Monday amid the rise in the dollar and the expectation of an increase in interest rates in the United States in the coming weeks, while coronavirus infections increase globally due to the highly contagious omicron variant.
The International Monetary Fund He said emerging economies should prepare for US rate hikes, warning that faster-than-expected cycles could shake financial markets and trigger capital outflows and a depreciation of their currencies.
The region’s stock markets also operated in negative territory, in line with the main Wall Street indices that opened lower due to the falls of the heavyweights of the technology sector in light of expectations about a scenario of high interest rates.