MNI China Daily Summary: Tuesday, November 26

MNI: Japan Govt Keeps Economic Assessment, Ups Imports

MNI BRIEF: China Supports Globalisation Despite Turbulence

MNI: PBOC Net Injects CNY11.0 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Lower At 7.1910 Tues; -1.46% Y/Y

MNI China Daily Summary: Monday, November 25

MNI: UK CBI NOV DIST TRADE REPORTED SALES -18

MNI: UK NOV BRC SHOP PRICES +0.2% M/M, -0.6% Y/Y

MNI: JAPAN OCT SERVICES PPI +2.9% Y/Y; SEPT REV +2.8%

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

CHILE: CLP Underperforms Ahead Of BCCh Meeting, Amidst Slide In Copper Prices

CHILE
EM BulletBulletGlobalEmerging Market NewsRegion
  • USDCLP is now up 0.9% on the day around 926, amidst a 3.6% slide in copper prices today and ahead of tonight’s BCCh MPC meeting, when the central bank is expected to cut rates by 25bp to 5.5%. Copper has fallen to its lowest level since Aug 13, as concerns mount over Chinese demand.
    • For USDCLP, initial firm resistance is at 928.63, the 50-day EMA, and 940.53, the Aug 16 high.
    • On the monetary policy front, although softer-than-expected economic activity data supports the case for a rate cut, the uptick for both inflation and inflation expectations should leave the option to prolong the easing cycle pause on the table.
    • The full MNI preview with analyst views is here.
115 words

To read the full story

Close

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.
  • USDCLP is now up 0.9% on the day around 926, amidst a 3.6% slide in copper prices today and ahead of tonight’s BCCh MPC meeting, when the central bank is expected to cut rates by 25bp to 5.5%. Copper has fallen to its lowest level since Aug 13, as concerns mount over Chinese demand.
    • For USDCLP, initial firm resistance is at 928.63, the 50-day EMA, and 940.53, the Aug 16 high.
    • On the monetary policy front, although softer-than-expected economic activity data supports the case for a rate cut, the uptick for both inflation and inflation expectations should leave the option to prolong the easing cycle pause on the table.
    • The full MNI preview with analyst views is here.