In the world, for its part, the euro and the pound sterling plummeted to new lows of 20 and 37 years against a rising dollar, after data showed the slowdown in business activity in the euro zone and Britain deepened this month and the economies are likely to slip into recession.
The dollar index, which compares the currency against a basket of six other major currencies, rose just over 1.6% to its highest level in 22 years. “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,” he said. a foreign currency 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 2.58% to 969.80/970.10 per dollar, its lowest closing value in more than two months and accumulated a decline of 4.36% in the week, also affected by 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 1.8%, to 5,207.09 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 interest rate hikes.
Price of the dollar in Mexico, Friday, September 23
The Mexican peso traded at 20.20 per dollar, depreciating 1.35% against Thursday’s Reuters reference price. Even with this devaluation, “during the week, the Mexican peso continues to be one of the most stable currencies, given the expectation that Banco de México will continue to adopt a restrictive stance on September 29,” said Gabriela Siller, director of analysis at Banco Base.
The benchmark S&P/BMV IPC stock index fell 2.01% to 45,395.94 points, and accumulated a weekly loss close to 3%. “The strong sentiment of risk aversion among investors continues, while the main stock indices show significant generalized falls,” Banorte said in an analysis.
Price of the dollar in Colombia, Friday, September 23
The Colombian peso closed with a drop of 1.68% to 4,438.5 units per dollar, although in the week it accumulated a marginal drop of 0.07%. In the stock market, the MSCI COLCAP stock index lost value by 3.69% to 1,157.27 points.
Price of the dollar in Peru, Friday, September 23
The Peruvian currency, the sol, lost 0.75% to 3.911/3.913 units per dollar. Meanwhile, the reference of the Lima Stock Exchange yielded 2.75%, to 494.95 points.
Source: Ambito
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