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  • Chile's conservative candidate Jose Antonio Kast is at a statistical tie with the left-wing frontrunner Gabriel Boric in a poll tracking voters' intentions in the country's upcoming presidential election.
  • Kast, representing Chile's Republican Party, received 21% support in a survey by local pollster Cadem released Sunday, while Boric held 20%. The poll has a margin of error of plus or minus 3.7 percentage points.
  • Full release can be found here:
  • Kast's ascension has been aided by a significant drop in support for Sebastian Sichel, now residing in fourth place with 7% of the latest vote.
  • For reference, if no candidate wins more than 50% of the vote in the first round, a runoff will be held on Dec. 19.
  • Markets remain fragile amid the looming election and ongoing re-write of the constitution, highlighted by twelve-month forward points in the NDF market blowing out to the highest since 1998 last week. For USDCLP, the focus remains on 834.36, 76.4% of the Mar 2020 - May 2021 downleg. Support remains around 806/08, coinciding with last week's lows and the 20-day EMA.