Friday , June 25 2021

After a bad year for copper: good dollar worth and expectations for closing 2018 are on the G20 | economy

It was not a good year. Copper Tariff barriers between the United States and China and the commercial wars that have affected the international market since the rest of the world became uncertain.

But at the end of the year, the tensions between the two countries are disappearing. The situation is expected to stabilize at the end of the G-20 summit in Buenos Aires this weekend..

The ups and downs of red metal, the main buyer of Asia Peso prices above USD, The currencies in which emerging countries have found shelter despite the unstable situation.

Juan Carlos Guajardo Fleming, director of the meeting, said that until the end of the year, copper should keep at $ 2 at 80 cents a pound and the US currency should trade at around 665 pesos.

Alejandro Alarcón, an economist at the University of Chile, pointed out that copper will not exceed 80 cents over a 2 cn barrier and that the dollar may fluctuate considerably.

Eugenio Rivera of the Chilean 21 Foundation pointed out that the dollar could be raised to 685 pesos in our market by showing a stronger dollar.

Meanwhile, Gemines economist Alejandro Fernández noted that prices could be different in the short term.

Last week, investors' risk appetite declined and copper exposure increased. This is expected to continue in December.

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