translated from Spanish: Dollar collapses in Chile and the world after truce between China and United States by tariffs

In a day marked by euphoria in the markets following the agreement reached China and the U.S. to avoid imposing more duties on the trade war. At the end of its operations, the dollar recorded a hard fall against the Chilean peso.
Today the dollar depreciated by 0.56% in the local market, after closing at 669,00 AV vendor, 3.80 pesos less than last Friday.
The positive performance of the markets after the loosening of trade tensions between the United States and China and a 1.11% rise in the copper price, which closed at 2,860 dollars per pound, settled the day according to the operators.
Despite the fall of the greenback. To United States “trade truce is positive for stocks because it temporarily removes some of the most unfavorable tariff scenarios,” said Matthew Litfin, Columbia Threadneedle Investments Portfolio Manager. “Three months is a short time for meaningful negotiations, and global growth seems to be slowing down, so I don’t expect that the euphoria of investors persists.”
The truce between President Donald Trump and President Xi Jinping at the Summit of the Group of 20 in Argentina has helped soothe fears of investors about the State of the world growth after a tumultuous period for risky assets.
Scheduled U.S. continue advancing on 1 January with increases in tariffs for Chinese goods for a value of $200 billion. In the future, investors will assess the prospects for a capital of end-of-year rally, while oil traders will continue focusing on holders to assess the likely scale of production cuts OPEC-related.
“It’s easy to see the trade deal as a vacuum medium, which is only a postponement and that they will work together, but there is not any kind of resolution,” said Jeff Kleintop, Chief Strategy Officer of global investment in the Schwab Center. for financial research. “But I think that it can be seen as a half full glass. The EU and Japan have joined United States in some WTO complaints in recent months. That adds some weight to the demands of the United States on China”.

Original source in Spanish