The dollar fell for the fifth time in a row and hit new seven-month lows. This, after the announcement of the Federal Reserve (Fed) without major surprises that gave copper space to continue at levels above US $ per pound in full opening of China after the restrictions as a result of the Covid-19 situation.
According to Bloomberg, the price of the dollar fell $ 5.45, positioning itself at $ 831.60 at the close of operations in the country after the words of the chairman of the Fed, Jerome Powell. With this result, the exchange rate registers a new minimum since July 7, 2022 and accumulates five falls, its largest “bearish” streak since August last year.
According to information from the Electronic Exchange of Chile (Bec), the currency managed to reach $ 840 and then moderate its rise until passing into the field of losses. However, during the day the dollar managed to nuance its fall after touching a minimum of $ 824.
In conversation with La Tercera, the chief analyst of Admiral Markets, Renato Campos, said that “in the short term we do not expect advances above $ 850 per dollar, while the probability of reviewing new and greater declines that point to values close to $ 810 increase considerably during the last days. ”
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