The US currency closed lower on Monday in Chile after two sessions of sharp gains. The exchange rate reached $916.50 amid anticipation for the US inflation data.
The dollar fell $6.50 from the previous Monday's close and ended at $916.50 per unit. Over the prior two sessions it had risen $28.35, approaching highs seen since the start of the Middle East conflict. Juan Ortiz of XTB noted the session reflected position adjustments ahead of the US inflation data due on Tuesday. He added that a reading above expectations could reinforce a restrictive stance by the Federal Reserve. Felipe Sepúlveda of Admirals Latinoamérica said the global dollar regained ground while copper lost momentum during the day. The red metal closed up 0.4% at US$6.22 per pound in London.
