• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote

Chile's dollar hovers near 987 pesos amid higher risk aversion

FinanceInternationalXTB.com40 s readAI summary
Image: XTB.com

The dollar in Chile (USDCLP) rises about 0.1% to around 987 pesos in a session with mixed signals. The correction in technology and AI-linked stocks drove demand for US Treasury bonds, weakening the global dollar, but higher risk aversion reduces appetite for emerging market currencies. Copper gains about 1.2% on the London Metal Exchange and curbs the dollar's advance. Chile's producer price index rose 24.8% year-on-year in September, its highest level since April 2022.

In 40 seconds

  • The dollar in Chile rises about 0.1% to around 987 pesos, without fully benefiting from the global dollar's pullback.
  • Copper gains about 1.2% on the London Metal Exchange and supports the Chilean peso.
  • Chile's PPI rose 24.8% year-on-year in September, its highest since April 2022, driven by mining (+41.8%) and copper (+43.5%).
Read the full story at XTB.com

IASummary generated by artificial intelligence from a story by XTB.com. It may contain errors: the original source prevails.

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