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The dollar in Brazil shoots up and leads the escalation of the currency in the region

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In the world, meanwhile, the euro and sterling fell against the dollar on Friday, after surveys showed the slowdown in business activity in the euro zone and the United Kingdom deepened this month and that the economies probably would go into recession.

The dollar index, which compares the currency against a basket of six other major currencies, rose just over 1% to its highest level in 22 years.

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“The world economy is going through an already long period of great uncertainty, which maintains a high tension in the markets that see few other options than the dollar as a safe haven asset to weather the storm in these stormy times,” said a foreign exchange trader.

How the dollar operates in the rest of the region’s markets

Price of the dollar in Chile, Friday, September 23

The Chilean peso fell 2.23% to 963.70/964.00 per dollar, with the added pressure of a sharp drop in the price of copper, the country’s main export. Meanwhile, the leading index of the Santiago Stock Exchange, the IPSA, lost 1.34% to 5,231.86 units. Copper prices fell to their lowest level in almost two months on Friday on the strength of the dollar and fears that demand for metals will be affected by the recession after further increases in interest rates.

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Price of the dollar in Mexico, Friday, September 23

The Mexican peso was trading at 20.1525 per dollar, with a loss of 1.11% against the Reuters reference price on Thursday, as investors fear the arrival of more restrictive monetary policies and fears of a possible global recession also increase. .

The main stock index S&P/BMV IPC, which includes the 35 most liquid companies in the Mexican market, fell 2.17% to 45,326.06 units, in its third consecutive day of losses. The Mexican stock market followed the same pessimistic line as the rest of global markets, which have presented a sour environment, with shares reaching two-year lows on Friday.

Price of the dollar in Colombia, Friday, September 23

The Colombian peso depreciated 1.21% to 4,418 units per dollar, affected by the global risk aversion environment; while in the stock market the MSCI COLCAP stock index devalued 1.86% to 1,179.26 points.

Price of the dollar in Peru, Friday, September 23

The Peruvian currency, the sol, lost 0.64% to 3.905/3.909 units per dollar. Meanwhile, the reference of the Lima Stock Exchange yielded 1.77%, to 499.86 points.

Source: Ambito

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