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BCCH Rate Decision Due After Market Close

CHILE
  • USDCLP firmer again yesterday, back to 707.33 with strengthening in the Bloomberg dollar index, along with poorer risk sentiment in global markets including a near 4% drop in copper prices.
    • 715.36, Apr 23 high is key resistance. Upticks are still considered technically corrective.
  • Today, Chile Treasury to offer CLP590b in six-month notes
  • Fyf change of recommendation yesterday. There is some unverified speculation doing the rounds on twitter, but look plausible: the fund change speculated to be 30%C and 70%E. I will verify when I can.
    • For reference, on the 2nd March the company announced it will cease operations by Aug. 31 at the latest, following new prohibitive government legislation.
  • BCCh rate decision after market close – full preview with analyst views here: https://roar-assets-auto.rbl.ms/documents/9918/MNI%20BCCH%20Preview%20-%20May%202021.pdf

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