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Free AccessBudget Office USD Sales, Boric Approval Slides Further
- Chile’s Budget Office, a division of the Finance Ministry, said it will auction $500m in Jan. with a maximum per day of $100m, according to a statement on its website. The announcement of a renewal of USD sale operations prompted a sharp spike higher for the Chilean peso on Friday, with USDCLP trading from 825 down to 815 before recovering into the close.
- “For the month of January 2023, it is estimated to auction a total amount of up to US$500 million, with a daily maximum of US$100 million. It is important to point out that the aforementioned amounts are subject to modifications, either due to significant changes in market conditions and/or in the financing needs of the fiscal fund, which would be informed in a timely manner.”
- Elsewhere, the approval rating of President Boric has fallen a further 2pps to 25%, according to the latest Cadem survey. Additionally, 72% (+8pts) disagree with the pardon of 12 convicted of crimes associated with the social outbreak and 81% (+7pts) disagree with the pardon of former frontista Jorge Mateluna, convicted of the robbery of a bank in 2013.
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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.