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Bogota Imposes Curfew

LATAM

CHILE - Analysts note that positioning has definitely been increased post CB announcement bounce. Locals have been the main support of the pair but with renewed dollar weakness, USDCLP is opening 0.6% lower sub 730 and is approaching Thursday's lows of 726 .20.

Released earlier:

  • IPT: Chile EUR Bmark 30Y Social Bond MS+140 area
  • IPT: Chile EUR 7/2031 Green Tap MS+80 area


COLOMBIA - Bogota imposes curfew from 8pm to 4am through January 28 as the capital continues to struggle with ICU occupancy.

Spot fairly inactive around 3480 for most of yesterday's session. Given the moves overnight in EMFX, likely USDCOP will follow LATAM peers and open lower.


Flurry of data out yesterday with Economic Activity bang in line at -3.4% y/y and retail sales coming in slightly below expectations at 4.1%.

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