- The dollar loses 0.09% in the day in front of the Chilean peso, contributing currently 928.66
- The dollar index (DXY) operates without significant changes, being minimum of November 2024.
- The attention of investors will be on the United States consumer price index, to be published on Wednesday, March 12.
- The price of copper has a fall of 0.97% today, reaching minimums not seen since March 5.
The USD/CLP reacted down from a maximum of March 6 to 932.76, where it attracted vendors that led to parity to a minimum of the day in 927.48. Currently, the USD/CLP operates at 928.66, falling 0.09% daily.
The Chilean weight is consolidated at five -month maximums despite tariff concerns
In the midst of a context in which Donald Trump’s tariff rhetoric occupies the center of the stage, the Chilean weight operates near maximums not seen since October 2025. Al 924.55.
On the other hand, the price of copper goes back 0.97% on Monday, quoting at the time of writing at $ 4,6162 per pound, reaching minimum of March 5 at $ 4,6031 per Libra, signing its third consecutive day with losses.
The dollar index presents a marginal loss of 0.03% in the day, consolidating in a minimum of four months in 103.76, waiting for the publication of the United States Consumer Price Index. The market consensus expects it to be 2.9% in February, slightly below 3% registered the previous month.
Technical levels in the USD/CLP
The USD/CLP established a resistance given by the maximum of February 28 963.00. The next key resistance is observed in 1,017.05, pivot point of January 17. Down, Calve support is located at 894.25, minimum of September 30, 2024.
USD/CLP daily graphics
US dollar FAQS
The US dollar (USD) is the official currency of the United States of America, and the “de facto” currency of a significant number of other countries where it is in circulation along with local tickets. According to data from 2022, it is the most negotiated currency in the world, with more than 88% of all global currency change operations, which is equivalent to an average of 6.6 billion dollars in daily transactions. After World War II, the USD took over the pound sterling as a world reserve currency.
The most important individual factor that influences the value of the US dollar is monetary policy, which is determined by the Federal Reserve (FED). The Fed has two mandates: to achieve price stability (control inflation) and promote full employment. Its main tool to achieve these two objectives is to adjust interest rates. When prices rise too quickly and inflation exceeds the 2% objective set by the Fed, it rises the types, which favors the price of the dollar. When inflation falls below 2% or the unemployment rate is too high, the Fed can lower interest rates, which weighs on the dollar.
In extreme situations, the Federal Reserve can also print more dollars and promulgate quantitative flexibility (QE). The QE is the process by which the Fed substantially increases the flow of credit in a stuck financial system. It is an unconventional policy measure that is used when the credit has been exhausted because banks do not lend each other (for fear of the default of the counterparts). It is the last resort when it is unlikely that a simple decrease in interest rates will achieve the necessary result. It was the weapon chosen by the Fed to combat the contraction of the credit that occurred during the great financial crisis of 2008. It is that the Fed prints more dollars and uses them to buy bonds of the US government, mainly of financial institutions. Which usually leads to a weakening of the US dollar.
The quantitative hardening (QT) is the reverse process for which the Federal Reserve stops buying bonds from financial institutions and does not reinvote the capital of the wallet values that overcome in new purchases. It is usually positive for the US dollar.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
