The dollar is recovering on the global markets, hoping that the Federal Reserve will put an end to the monetary easing policy in the afternoon. Meanwhile, the second round of negotiations between China and the US improves investor sentiment.
The Dollar Index – an indicator that measures the performance of the currency against the six basket of currencies, with a slight increase of 0.06%.
After the publication of ADP work data, the currency regained its foundation, which revealed that employers in the United States increased 213,000 jobs in January, exceeding market expectations.
During the rest of the day, at the end of the Fund's monetary policy meeting, the market will remain waiting, and the signs of a persistent economic downturn suggest that investors expect the Federal Open Market Committee to maintain rates in the range of 2.25% to 2.5% at the end of your monetary policy meeting.
At the end of the interbank market operations, the dollar was quoted at $ 667.7, which means a decrease of $ 0.1 compared to the end of the previous day.
The Chilean peso is operating despite the rise in copper prices, which is an excellent reference to the national currency. The red metal contracts for March are rising by 1.37% and are $ 2.75 per pound in London, which is optimistic about trade negotiations.
"The dollar is closing steadily, despite a strong 1.37% increase in copper, without affecting the further strengthening of the country's peso. Another countermeasure that helped strengthen the dollar was the publication of the ADP Employment Survey," explains Alpari Research analyst César Valencia.