The dollar price On Wednesday, Chile opened higher due to the depreciation of the peso, as investors assess the potential impact of the crisis between Russia and Ukraine on the global economy.
The The exchange rate works at 808.40 / 808.70 Chilean pesos per dollarup 0.62%, compared to Tuesday’s close, according to Reuters.
Look: Today’s earthquake, Chile: Check the last seismic activity recorded today, Wednesday, March 2
Meanwhile, the main index of the stock market in Santiago, IPSA, rose 1.6% to 4506.30 points.
Globally, Apple, Exxon, Boeing and others have joined a mass exodus of companies from around the world from the Russian market, which has left Moscow financially and diplomatically isolated since President Vladimir Putin ordered the invasion last week.
But with Moscow failing to quickly overthrow the Ukrainian government after nearly a week, Western countries fear they are resorting to new, more violent tactics to push through the cities they hope will take it easy.
“The conflict in Ukraine, the sanctions against Russia and the escalation of energy prices all generate fearssaid Ricardo Evangelista, Senior Analyst at ActivTrades.
Meanwhile, investors have taken to heart Fed Chair Jerome Powell’s comments that the Fed will press ahead with plans to raise interest rates this month in an effort to control high inflation, even though the outbreak of war in Ukraine has made the outlook “highly uncertain”.
Recommended video
It might interest you
“Beeraholic. Friend of animals everywhere. Evil web scholar. Zombie maven.”