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3% Bounce In USDCLP, Copper Futures Under Pressure


USDCLP opens back above 720, reflecting the regional weakness and stronger US dollar overnight. 3% losses in copper futures adding further headwinds for the Peso in the short term. A lack of Hacienda supply and a marginal shift from FyF may have also contributed to the 3% retracement of the pair, after bouncing from the psychological 700 level.

  • 1200GMT/0700ET Chile Unemployment Rate, Retail Sales and Industrial Production

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