MNI BRIEF: ECB Should Be Close To 2% In Next Quarters -Centeno

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

CHINA YTD NEW LOANS CNY17.1 TRLN VS MEDIAN CNY17.5 TRLN: PBOC

MNI China Daily Summary: Friday, December 13

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI: US NOV IMPORT PRICES +0.1%

MNI: CANADA Q3 INDUSTRIAL CAPACITY UTILIZATION RATE 79.3%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

BCCh President Costa Speaks, Copper Weighs on CLP

CHILE
  • Andean currencies are extending monthly losses as concerns surrounding the growth outlook in China are impacting the global-currency markets. Furthermore, copper futures have extended on Monday’s decline and combined with President Boric’s declining approval, there is a notable combination of headwinds accruing for the local currency.
  • As noted, USDCLP maintains a firmer short-term technical tone and sights are on key resistance at 996.97, the Sep 26 high. Bullish conditions signal scope for 1000.00 and 1061.00 further out, the Jul 14 high. The 50-day EMA, at 936.14, remains the key support.
  • Central Bank President Rosanna Costa will speak about “Analysis and Perspectives of the Chilean Economy” in a seminar in Copiapo at 10am local time.
    • BCCh minutes will be published Thursday, which may provide further clarity on why officials decided to announce the end of tightening cycle amid ongoing inflationary pressures.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

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.