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FLAT DOLLAR IN ITS FIRST OPERATIONS
Abstract：Currently, the dollar peso starts flat and is trading at 870, trying to break the hard resistance to continue its upward trend in search of 880.
Currently, the dollar peso starts flat and is trading at 870, trying to break the hard resistance to continue its upward trend in search of 880.
We see a 0.7% bullish copper on the London metal exchange, but it fails to take effect given the strong fundamentals that keep the Chilean peso see that the central bank publishes the foreign weakened and strengthening the US currency. yesterday, we position, and we see that they remain above 9 billion dollars against the Chilean peso, generating strong upward pressures. Yesterday, 23rd August August would be the third breakout attempt, and if we close above 872, we could continue and quickly go to 880 and continue to 890.
The markets will also be attentive to the Jackson Hole conference, which will take place on Thursday and Friday. The market is waiting attentively for any relevant comment on the US economy that could give signals as to which direction the Fed would take on the next interest rate decision.
It is important to keep in mind that the 870 has been a strong ceiling, and if it is not broken, we could see similar corrections to yesterday close to 860.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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