a new fall suffered the Chilean peso against the dollar, the currency National depreciated a 0.26% against the dollar, which seems to be getting stronger, this after closing at 684,80 pesos seller in the local financial market, 1.80 pesos more than last Friday.
With this record dollar reached the highest level since June 16, 2016, when it reached the $689,3 pesos.
According to the operators, the Argentine crisis continued to be the main cause of falls of emerging currencies, then markets remained indifferent to the measures announced by President Mauricio Macri.
On the other hand, analysts also point to the influence of the situation in Turkey, which along with Argentina, moving to shore up their currencies after suffering a serious blow last month.
«Turkey and Argentina are the two elephants in the room that we cannot ignore,» said Oksana Reinhardt, Executive Director of SMBC Nikko Capital Markets in London. «Argentina could be even more a pilot that Turkey, which has broadly stabilised».
Argentine shares fell global actions and emerging currencies joined the decline, without offering any suspension for investors despite the holiday in the United States on Monday. A decline slightly greater than expected in the Manufacturing PMI Caixin of China in August suggests that growth in the second, the world’s largest economy continues losing momentum, dampening the appetite for emerging-market assets, according to the Chief Strategist of ‘em in SEB AB, Per Hammarlund.
Brazil will also remain in suspense since the country’s highest electoral court banned that prisoner Luiz Inácio Lula da Silva, who was leading in the polls, run in the October presidential election.