The dollar rises after three consecutive days with setbacks and in the prelude to know the decision of the Federal Reserve. While the market does not expect changes in interest rates, it seeks to know the prospects of the Fed leader, Jerome Powell, about the types and economy of the United States in the midst of tariff policy that drives Trump.
However, Powell’s signals will be known with the Local exchange market already closed.
Thus, at the beginning of the day, The dollar rose $ 4.46 compared to the end of this Tuesday and reached a value of $ 946.97 the unit. If so, the currency would end its three -day run with falls, where it went down $ 8.
Chilean weight gave ground In the midst of the weakness of copperone of its main supports.
“Red metal futures meet this session, continuing with their last volatility and moving away from yesterday’s maximums, where the little clarity about commercial conversations supports erratic movements in the commodity,” he said Ricardo Bustamante, Deputy Manager of Capitaria Studies.
For its side, Felipe Sepúlveda, Chief Analyst of Admiralshe commented that, “this week, a meeting is expected between the Vice Primer Chinese Minister, He Lifeng, and the US Treasury Secretary, Scott Besent, in Switzerland, which has revived the hopes of a reset in the tariff negotiations. However, the market remains cautious.”
“The fall of the metal is also produced despite the advertisements of the Central Bank of China On a possible decline in interest rates to support growth, a measure that failed to sustain the mood of investors to weak manufacturing data in key economies. To this is added a Copper inventory increase In North American wineries, since American factories have begun to accumulate stock anticipating higher commercial restrictions, ”he added.
The three -month value of copper in Comex fell 2.40 % and reached a value of US $ 4.66 per pound.
For its part, The dollar in the world rose In line with the caution of the market. Investors expected the results of the FED monetary policy meeting and the signals that give.
“The uncertainty about the inflationary implications of tariff Thierry Wizman, Macquarie Global Currency and Taes a Reuters.
Given this context, the dollar index -which measures the currency against its most important peers- It rose 0.13 % to 99.37 points.
