translated from Spanish: The price of the dollar reached $800 and rose close to $50 in January

For the third day in a row, the price of the dollar traded upwards in the local exchange rate market, driven by international concern about the coronavirus. The U.S. currency closed the session this Friday with an advance of 3.80 pesos, reaching maximum values of 800.10 seller pesos and 799.80 buyer pesos. As reported by Emol, the greenback ended this January with a total increase of 48.60 pesos, in the face of tensions between the United States and Iran and uncertainty over the coronavirus. Sebastián Espinosa, Market Analyst at XTB Latam, told the aforementioned medium that «we must keep an eye on the impact of coronavirus, which continues to cause global stock markets to maintain falls, in addition to the declines in the subjects premiums, which has brought the exchange rate closer to $800.» This same factor has caused the copper this day to have registered its eleventh consecutive drop, reaching its lowest price since last September 2019.Espinosa stated that for next week the data to be delivered in Chile will be key Monday on the Imacec and Friday on the CPI.



Original source in Spanish

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