• 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

Chilean peso holds near 975 per dollar as copper and the Federal Reserve draw focus

FinanceInternationalXTB.com40 s readAI summary
Image: XTB.com

The dollar in Chile is little changed in early trading, around 975 pesos, after declines in previous sessions. There are no relevant local economic releases, so attention is on the international dollar, copper and the Federal Reserve. The metal falls about 1% on the LME on expectations that the United States may drop proposed tariffs on refined copper imports. The market widely expects the Fed to keep rates unchanged next week.

In 40 seconds

  • The dollar in Chile holds near 975 pesos, with no relevant local economic data during the session
  • Copper falls about 1% on the LME on expectations that the US may withdraw proposed tariffs on refined copper
  • The market expects the Federal Reserve to keep rates unchanged at next week's meeting, without ruling out a hike in December
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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