The dollar opened lower this Wednesday in Chile, thanks to the widespread easing in financial markets, following new details about the United States' plan to end its war with Iran. The currency fell by $6. 4 to $909.
4 this morning, after closing higher the day before. Looking outward, the dollar index decreased by 0. 2% to 99.
3 points, along with major global interest rates, while Comex copper rose by 1. 5% to $5. 54 per pound, and Brent oil dropped by 6% to $98.
2 per barrel. Ceasefire "Oil is trading close to $100 again following reports that the U. S.
has intensified its diplomatic efforts to end the war with Iran. At the same time, Tehran continues to allow the passag…
S. presented a 15-point peace plan to Iran, in line with the diplomatic efforts that Donald Trump revealed earlier this week. It is suggested that ceasefire talks could begin in Islamabad tomorrow, although so far there has been no public response from Iran, whose authorities have denied being in dialogue with Washington, but have acknowledged that regional powers are pushing for an agreement.
Attention to the IPoM Last night, the Central Bank of Chile also announced its policy decision. The entity stated that it maintained the Monetary Policy Rate at 4. 5% and acknowledged that the energy shock would drive inflation to levels of 4% in the short term, both statements in line with what the market had already priced in.
At 9:00 AM, the Central Bank will publish its Monetary Policy Report (IPoM) for March. "The statement did suggest that they were willing to raise rates if necessary. Ultimately, the decision will have a limited impact on the markets, as the Iran conflict continues to dominate," published the team of strategists at BBVA led by Alejandro Cuadrado.
"Our broader view on the Chilean peso has been constructive, given the more favorable political outlook for the market following the results of the elections last December. Our attempts to operate with this idea have been frustrated for now amid overall market volatility, but opportunities could resurface if a viable solution to the Iran conflict arises," they pointed out.