The US dollar began Tuesday's trading session with a drop of nearly 10 pesos against the Chilean peso. The greenback opened around $885, with a bid price of $884.4 and an ask price of $885.65.
This decline in the US currency followed an appreciation of the local peso. The movement was directly driven by the surge in copper prices, which broke through the $6 per pound threshold.
Mining sector and international landscape
Performance in mining stocks also contributed to the opening trend. On Monday, SQM-B shares closed up 6.17%, a result that boosted investor expectations within the sector.
Alongside these domestic factors, signals from the geopolitical arena played a role. Recent reports regarding negotiations between the United States and Iran have fostered a sense of optimism in global markets.
The possibility of reaching a peace agreement in the Middle East reduced uncertainty across financial hubs. This scenario bolstered confidence in risk assets and economies tied to commodity exports.
The Santiago Stock Exchange also posted a positive opening. The main index, IPSA, rose 0.72% to reach 11,216.16 points.
This level marks the highest point for the index since February 12. The local market's response aligned with strengthening commodities and increased international stability.
