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HomeHot NewsDollar reverses decline...

Dollar reverses decline and now rises against the peso

The dollar opened lower and is now advancing, in a day of few internationally relevant databut where the trade balance of our country during April was known.

The American currency It is at $934.12, with an increase of $3.62 compared to this Monday.

“During the day, operators will be attentive to the lecture by Neel Kashkari, a member of the FED, who can give new signals about possible reductions in interest rates. Today we could have new confirmation about these possible rate cuts“said Juan Pablo Ponce of XTB Latam.

Copper prices were heading to two-year highs on Tuesdayas attention once again focused on supply shortages and hopes for greater demand in China, and the dollar internationally shows no major changes.

“On the other hand, the Dollar Index, which compares the dollar against the main currencies of the world, does not show major changessupporting part of the stability in the opening,” said Ricardo Bustamante of Capitaria.

Analysts estimate that the American currency could continue to lose ground in our country.

“The exchange rate could continue to weaken to $917 yes the comments of the FED They continue to support lower rates and we see greater incentives from the Chinese government for its economy. Otherwise, the exchange rate could return to the ceiling of $930″Ponce added.

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