The U.S. dollar continues to strengthen globally amid geopolitical uncertainty and ongoing negotiations between the United States and Russia. Recent reports indicate that the dollar's share of international foreign-exchange traffic sent over the SWIFT network surpassed 50% in January 2025. Despite this trend, Latin American currencies, such as the Chilean peso and the Peruvian sol, have shown resilience against the dollar's rise. The peso is currently facing downward pressure due to fluctuations in copper prices, while the sol's performance remains stable as markets assess the potential impact of a ceasefire in Ukraine and Federal Reserve policies.