The dollar dropped below the $900 mark in early Tuesday trading, spurred by a renewed recovery in copper prices and amid a weakening of the currency in the international market.

This movement comes as investors await new U.S. inflation data and statements from Federal Reserve officials later this week.

At the start of the session in the national exchange market, the dollar was quoted at $896.68, down $4.92 from Monday’s close. Copper prices on the Comex futures market rose by 1.6% to $4.83 per pound, supported by prospects of interest rate cuts, the dollar’s weakness—evidenced by the 0.17% decline in the Dollar Index—and some positive data from China.

Today in the United States, various Federal Reserve members are scheduled to give speeches. Traders are looking for new clues regarding potential interest rate cuts in the U.S. economy, with the market currently considering September as a possible starting point for rate reductions.

Meanwhile, also in Chile, The Chilean Stock Market Continued to Reach New All-Time Highs

The Chilean stock market continued to aim for new all-time highs in Tuesday’s session, while the New York market showed divergent trends amid the debut of a new trading system and a rebound in long-term interest rates in the fixed income market.

The S&P IPSA rose by 0.28% to 6,830.03 points early in the afternoon at the Santiago Stock Exchange, having closed above the 6,800-point mark for the first time in history on Monday. Within the index, the top performers were CMPC, up 3.36%, Quiñenco, up 3.01%, and Falabella, up 2%.

CSAV (1.8%) continued to climb, aligned with the advances of Hapag Lloyd (1.69%) on the German stock exchange, following three weeks of significant increases in global shipping rates, a trend that has bolstered the outlook for the stock.