Voting for President of Chile They threw their effects in the fields Economic. Thus, it was seen today The dollar took a violent fall. Know, the elections were determined to be a Ballot Between right-wing Jose Antonio Cast and left-wing Gabriel Boric.
“This morning The exchange rate showed a decline Vendor from 32 chili pesos to $ 800. This is the biggest drop since the Great Recession, especially after November 26, 2008 ($ 35.04). The decline is equivalent to 3.90% and is comparable to the 3.5% increase accumulated last week, which is marked by pre-election tensions. ” The third explains.
In this regard, Bloomberg researched that the powerful recovery of the Chilean currency shows it Traders were significantly protected against representing a potential first place From I approve of dignity.
Marco Correa, chief economist at BICE Inversion, said: “Part of the market estimates that Gabriel Borick will receive a higher percentage of votes, so the option Closet To win the second round. Although his plan received critical acclaim in financial terms, It feels more friendly than the Boric market, Which will be somewhat favorable to the assets ”.
For its part, El País from Spain collects: “The central bank stressed in a statement. Pillars of the Chilean economy: a ‘solvent’ monetary system, a ‘solid’ financial position, an ‘adequate’ level of international reserves and sovereign funds, inflation expectations compiled at 3% and a monetary policy change‘”.
The agency, led by economist Mario Marcel, in parallel, “evaluated the political agreements of recent days: relevant improvements have been made in the form of cross-cutting agreements on tax and budget matters, which should reduce the current level of uncertainty”. Rating El País.
Now, even before the ballot, both candidates represent the pinnacle of the country’s political spectrum, but most analysts believe they will win the center and seek moderate positions.
According to senior economist Credicorp Capital’s Samuel Karasco, “In the short term, we expect a positive reaction from the market. Probability ($ 770), expected value $ 810? “.
La Tercera also issued a similar comment to Ricardo Fustamande, head of business research at Capitaria, adding:Conservatives”, Economic policies will reactivate investment and growth in the country, considering that they have more pro-market plans, in a favorable environment for investors.
However, the forex market is ignoring this time New increase in the dollar index. “The dollar against the currencies of six liquid currencies, including the euro, rose 0.07% to a 16-month high. It ignores copper and futures down 0.25%.” Closes La Tercera.
Bloomberg, LaTercera, ElPais, Wikipedia,