Fynsa
The Central Bank of Chile has resumed the reduction of interest rates, which has led to a greater relevance of the UF and short-term bonds as conservative investment alternatives.
It is logical for investors to migrate to areas with higher yields, where UF bonds are attractive.
The current outlook points to the worst-case scenario for the Chilean peso, with the local interest rate expected to reach 8% by the end of the year.
It seems fair to ask whether the dollar's upward trend will continue, or whether these are levels at which to close out long positions or perhaps bet on a decline.
