Free Trial

BCCh Economist Survey Expected At 1330BST

CHILE
  • USDCLP closed 0.44% lower at 932 on Friday, leaving the pair 3.5% below last week’s high amidst the recovery in risk sentiment and pick up in copper prices later in the week. Another 1.5% rally in copper today may provide a further tailwind on the open. Focus is on key support at 929.78, the Aug 1 low. A clear break of this level would signal scope for a deeper retracement towards 902.00, the Jul 11 low.
  • Today, the BCCh will publish it latest economist survey at 1330BST(0830ET), with updated forecasts for inflation and interest rates. This will be followed by the equivalent BCCh traders survey tomorrow, before Friday’s publication of the minutes to last month’s monetary policy meeting, when the central bank left its policy rate unchanged at 5.75%.
  • Meanwhile, BHP and union leaders at the Escondida mine are due to wrap up mediation over a wage accord. If the two sides don’t reach an agreement or extend the talks, a strike could begin at the world’s largest copper mine.

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.