Dollar closes with strong advance and is within walking distance to return to the $ 690 – Financial Journal

Diario Financiero Online

The dollar closed the session with a strong advance against the Chilean peso in another session marked by the fall of world prisoners markets uncertainty about the closeness of the referendum by the Brexit and the meeting of the Federal Reserve.

at about the new fall in copper prices, factors that combined to strengthen the US currency abroad joined.

In this context, the exchange rate was quoted at $ 688.80 $ 689.10 buyer and seller, which means an increase of $ 4 from the previous day.

“they published several surveys in UK showing that Brexit be earning as an option. And the pound is the best thermometer, which was minimal,” said a trader at the local market.

“Today there are more latent global risks. the strong dollar should gain ground against all currencies flying to higher credit quality assets (fligth to quality), “he added.

Samuel Levy, head of the department of studies Capitaria stated that this new rise occurred in “on a day that included a significant rise in the Dollar Index, following the publication of a new survey that gives the winner at the option of “brexit”. in turn, the stock market pessimism and falling copper would be contributing to the peso depreciation. “

the IMF warned that, if confirmed at the ballot box abandonment UK EU anticipate the latest polls, would be a “negative factor” for the recovery of the world economy.

“the United Kingdom will vote on this issue on 23 and on the eve of the vote we have seen an increase in uncertainty “in international markets, the agency said. In addition, he predicted that if the referendum is favorable to “Brexit” period would occur with greater uncertainty to resolve “commercial and other arrangements” between the UK and the EU.

the consequences of this period of uncertainty, said Lipton, is not limited to the Twenty-eight, but would have “a broader scope.”

the Fed adds uncertainty

in all this uncertainty must be added the caution that generates among investors the meeting of the Federal Reserve that begins today which should refer to the interest rate and give clearer signals on monetary policy in the US .

Ignacio Fuentes Doren, market analyst Xdirect, meanwhile, said the rate decision is generating high expectations since although is very low possibility that rates rise (2% probabilities), the price is internalizing an eventual maintenance between 0.25 / 0.5%.

“the center will be in the speech tomorrow, if indeed sees possible increases or discarded. This is the focus that we put to see if the dollar will depreciate or return to resume hikes, “said

.