Free Trial

USDCLP Rises To Best Levels Since February 9

CHILE
  • USDCLP rose around 1.25% to the 825.00 mark on Thursday, the highest level for the pair since February 9.
  • Recent gains have prompted a breach of 823.72, high on Apr 11. Price has also recently traded through the 50-day EMA. This resumption of strength may signal a move towards 832.75, the Feb 7 high. Initial support is seen at 799.53, the Apr 13 low and key support lies at 771.89, Mar 29 low.
    • March PPI data due with no survey, prior reading of 2.5% M/m.
  • Chile's ongoing drought has affected mining production in the northern part of the country, causing a drop in output at Antofagasta Minerals, one of the world's largest copper producers, the company said Thursday. (Xinhua)

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.