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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.
CHILE
- Conservative candidate Jose Antonio Kast (25%) widens his distance with Boric (19%) in the presidential race and for the first time surpasses him in a possible second round (44% vs 40%).
- The most recent Cadem Poll was released on Oct. 14 and can be found here: https://cadem.cl/estudios/kast-25-amplia-su-distancia-con-boric-19-en-la-carrera-presidencial-y-por-primera-vez-lo-supera-en-una-eventual-segunda-vuelta-44-vs-40/
- Chile's consumer prices rose more than expected this morning, exacerbating pressure on the BCCh as it extends its cycle of aggressive interest rate increases to tame above-target inflation. For reference, the next central bank meeting is not until December 14.
- While front-end swap rates continue to be impacted by above-target inflation (CPI notably clocking 6.0% Y/y for October), the Camara curve has started to shift lower from 2-year tenors and further out amid the growing support for candidate Kast. Furthermore, mounting opposition to a fourth pension fund withdrawal bill has boosted this relief rally.
- USDCLP has opened around 0.2% lower at 810, with the 50-day EMA acting as short-term support for the pair, intersecting around the 800 mark
MNI/Bloomberg
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.
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