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BCCH & Copper Rally Underpinning Firmer Peso

CHILE
  • Copper looks set for its longest run of weekly gains in more than two years as major producing countries grapple with challenges that threaten to impact global supply.
  • The maintenance of a hawkish posture from the central bank is also providing a firm CLP tailwind which has seen USDCLP slide back below 800 in early trade Friday.
    • A clear break of this level would open 788.95, the Apr 6 low.

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