INSUBCONTINENT EXCLUSIVE:
Data from TradingView and public financial sources show the Chilean peso maintained its recent gains against the US dollar through July 1,
2025.The session opened near 928.71 pesos per dollar, reflecting a firm stance despite mild volatility
The dollar index hovered near year lows, propelled by continued weakness in the US currency across most emerging market pairs.Local brokers
observed moderate trading volumes and reported that fundamental drivers kept the peso in favor for exporters and investors
Chilean copper exports continued to anchor the peso, with international copper prices holding near $4.63 per pound.This firmly underpinned
local demand for pesos, as export revenues moved through domestic channels
central bank kept rates on hold at 5.5%, according to its published decision the week before
This steady policy stance provided foreign investors with a positive yield advantage.Peso Holds Firm as Copper Supports Chilean Currency
(Photo Internet reproduction)Market participants also observed lower volatility and improved risk appetite across Latin American currencies
Analysts confirmed that the overnight appreciation in the peso tracked a broader shift away from the US dollar.Softer US inflation readings
weighed on dollar demand and attracted funds towards commodities and emerging markets
while support levels held at 925
The 50-day and 100-day simple moving averages shared a convergent theme, acting as short-term support zones.The Relative Strength Index
(RSI), covering 14 days, moved upwards but did not breach traditional overbought thresholds, ending close to 56
This reading suggested ongoing upward momentum, but offered no signs of exhaustion or reversal.The Moving Average Convergence Divergence
(MACD) on the daily chart indicated continued upside momentum for the peso
The MACD line remained above the signal line, while the histogram hovered in positive territory.Bollinger Bands expanded in recent days,
confirming increased volatility as traders digested foreign flows and commodity news
The price oscillated within the bands, rarely breaching outer limits, which indicated the absence of panic buying or selling.During the
previous session and overnight, market participants closely tracked the dollar index
macroeconomic releases.Official volumes in peso trading did not indicate sudden inflows or outflows, reflecting a balanced market
Merchants, exporters, and institutional investors monitored copper shipments and global risk sentiment above all else.Recent public data did
not report large ETF inflows or outflows related to the Chilean market but signaled stable investor interest.Traders identified that the
resilient local monetary policy
This balanced backdrop provided the peso with stable footing for the day.
