Dólar Sube $62 En Chile: Trump Podría Impulsarlo

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Post on Nov 02, 2024

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Dólar Soars $62 in Chile: Trump's Potential Impact

The Chilean peso took a significant hit this week, with the dollar surging $62 against the local currency. This dramatic shift has left many wondering what triggered the sudden volatility and what the future holds for the Chilean economy. While several factors are at play, the potential impact of US President Donald Trump's policies is a key area of concern.

A Perfect Storm of Factors

The Chilean peso's depreciation is not an isolated event. Global economic uncertainty, coupled with domestic political and social instability, has created a perfect storm for the Chilean economy.

Global Economic Uncertainty:

• Trade Wars: The ongoing trade war between the United States and China has created global economic uncertainty, impacting commodity prices and investor sentiment. Chile, heavily reliant on copper exports, is particularly vulnerable to these shifts.
• Interest Rate Hikes: The US Federal Reserve's recent interest rate hikes have made US assets more attractive to foreign investors, further pushing up demand for the dollar and weakening emerging market currencies like the Chilean peso.

Domestic Factors:

• Social Unrest: Chile has been experiencing a wave of social protests and unrest, fuelled by discontent over inequality and rising costs of living. This unrest creates instability and discourages foreign investment, further weakening the peso.
• Political Uncertainty: The upcoming Chilean presidential elections in November 2021 are adding to the political uncertainty. Potential changes in economic policies could also contribute to market volatility.

Trump's Potential Role:

While the above factors are contributing to the current situation, the potential impact of Donald Trump's policies cannot be ignored.

• Trade Policy: Trump's trade policies, particularly those related to China, have had a significant impact on global trade and commodity prices. Any further escalation of these trade wars could worsen the Chilean peso's performance.
• Currency Manipulation: Trump's accusations of currency manipulation by China have fueled fears of a potential currency war, which could further destabilize global markets and weaken the Chilean peso.

The Road Ahead

The Chilean peso's future will likely be determined by a complex interplay of global and domestic factors. While the potential impact of Trump's policies cannot be overlooked, it's crucial to remember that other factors are also at play. The Chilean government will need to address the social and political unrest, implement policies to attract foreign investment, and navigate the global economic uncertainty with caution.

Key Takeaways:

• The Chilean peso has been depreciating against the dollar, largely due to a combination of global economic uncertainty and domestic political instability.
• Trump's trade policies and potential currency manipulation accusations could further destabilize the Chilean economy.
• The future of the Chilean peso will depend on the government's ability to address domestic issues and navigate global economic challenges.