The increase in the price of the dollar accumulated during this week its fourth consecutive rise Y has caused concern from some experts.
the american currency recorded a rise and returned almost to 830 pesos, Meanwhile he Euro and six other liquid currencies go for their fifth consecutive decline.
Alexander Alarcon, an economist and academic from the University of Chile, pointed out that “in international markets the dollar is quite weak, devalued, Y preparing for the international market for the rise in the interest rate in the United States“.
“As the interest rate rises in United States, the dollar begins to strengthen and therefore, with that our weight is devalued, that is to say, here we have two forces that in a very incipient form at this time, begin to affect the price of the dollar“, added the economist.
“One, this political instability, and two, the announcements of the General Reserve to raise the interest rate in the United States to face inflation, what is strengthening the dollar in international markets and, therefore, will gradually begin to weaken our weight“, added the expert.
DO THEY AFFECT THE DECISIONS OF THE CONVENTION?
Chilean peso, which was in the third place of the best performing currencies in the world, was affected by this rise of the dollar and fell out of the top 10 of bloomberg.
political analyst Libardo Buitrago explained that “the weight has been receiving the impact of the political scene. What we are appreciating is that the announcements and everything that is happening inside the Constitutional Convention, is moving a lot of weight“.
“The indicator that is us delivering is that until the Constitution is drafted, the peso is going to be very choppy in the local market. Probably, once the government increases, the weight will also will be very expectant regarding what happens with the first formal announcements of President Boric“, he added.
