Chile's dollar hovers near 987 pesos amid higher risk aversion
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%).
IASummary generated by artificial intelligence from a story by XTB.com. It may contain errors: the original source prevails.




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