DOLLAR IN IMPORTANT LEVELS $791

The U.S. Dollar Index, which tracks the dollar against six other important currencies, is hovering at levels it hadnt reached in 20 years. Since the start of the year, it has gained 8 percent; in the last 12 months, it has risen 14 percent. Against the Japanese yen, the dollar has risen more than 13 percent this year alone.

The dollar peso opens slightly higher and trades at 791.50 . Yesterday we saw the support at 790 and we will see if the currency manages to bounce back to 800.

Copper fell 0.2% on the London stock market, but the dollar index decreased by the same percentage, leaving neither of the two strongest drivers to generate a significant movement.

The INE provided the inflation data, which registered an increase of 0.1% , and we managed to get away from double digits, and accumulated inflation of 8.7% in the last twelve months .

This could be a sign, where we begin

to see lower CPI data, which would put pressure on the central, to start with its expansive monetary policy. Eventual downward rate movements should lead the dollar to rise, since interest in the carry trade in Chile would decrease , leaving fewer dollars in the market, and making its value rise.

For today's range, the 790 floor is still important, and as long as it doesn't break the level you should go looking for 800 pesos .