• 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

Dollar in Chile trades near 989 pesos ahead of central bank decision

FinanceInternationalXTB.com35 s readAI summary
Image: XTB.com

The dollar in Chile trades near 989 pesos after approaching 1,000 pesos in the previous session, while the market awaits the central bank's rate decision later today. The rate is expected to stay at 4.5%, with annual inflation at 4.1%. On Wednesday the Federal Reserve would also keep its rates between 3.75% and 4%. Copper futures hover around US$6.55 per pound and China's industrial profits grew 14.4% year-on-year in September.

In 35 seconds

  • The dollar in Chile is around 989 pesos after nearing 1,000 pesos the previous session
  • The market expects the central bank to hold the rate at 4.5%, with annual inflation at 4.1%
  • The Federal Reserve would also keep its rates between 3.75% and 4%, as the market discounts
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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