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Camara Swap Rates Sink, USDCLP Breaching Key Resistance

CHILE
  • Local asset prices react in accordance with the dovish surprise from the central bank on Friday with both the Chilean peso and Camara swap rates declining. USDCLP is now piercing above 837.15, the Mar 17 high and a key resistance.
    • USDCLP up 1.12% at 838.45
    • Chile Camara Swaps:
      • 1-yr -33 bps at 7.21%
      • 2-yr -22 bps at 5.82%
      • 5-yr -13 bps at 5.01%
      • 10-yr -7 bps at 5.02%
  • For those that missed the link to our review, it is here: https://roar-assets-auto.rbl.ms/files/55009/MNI%20Chile%20Central%20Bank%20Review%20-%20July%202023.pdf

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