MNI BRIEF: BOC Governor Tiff Macklem Opening Statement

MNI BRIEF: Text of Bank of Canada Interest-Rate Decision

BOC CUTS RATE 50BPS TO 3.25%, SEES GRADUAL APPROACH FROM HERE

MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: US NOV CPI 0.3%, CORE 0.3%; CPI Y/Y 2.7%, CORE Y/Y 3.3%

MNI: US NOV SUPERCORE CPI (CORE SERVICES EX-HOUSING) 0.342%

MNI: US NOV CPI UNROUNDED M/M 0.313%, CORE 0.308%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

CHILE: USDCLP Approaches Resistance At 50-day EMA

CHILE
EM BulletBulletGlobalEmerging Market NewsRegion
  • The pullback in copper prices and surge in oil weighed on the peso yesterday, with USDCLP closing at 919, narrowing the gap to initial firm resistance at 924.35, the 50-day EMA. Amidst a more stable copper price today, USDCLP has opened marginally lower as the market awaits the US payrolls data. CIBC are cautious on the peso as the overall risk-off sentiment persists, seeing USD/CLP retesting the 926-930 range, above which are the September highs around 950.
  • Meanwhile, the country’s regulator has accused several casino operators of colluding in tenders for casino operation permits in 2020 and 2021. The alleged collusion allowed the casinos to renew permits for 15 years with offers below what would be considered competitive, according to a statement from the regulator. The regulator is seeking fines equivalent to $151.9m and the end of permits renewed in the tenders.
  • No domestic macro data are due today, with focus turning to September trade and inflation figures, expected Monday and Tuesday next week.
162 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.
  • The pullback in copper prices and surge in oil weighed on the peso yesterday, with USDCLP closing at 919, narrowing the gap to initial firm resistance at 924.35, the 50-day EMA. Amidst a more stable copper price today, USDCLP has opened marginally lower as the market awaits the US payrolls data. CIBC are cautious on the peso as the overall risk-off sentiment persists, seeing USD/CLP retesting the 926-930 range, above which are the September highs around 950.
  • Meanwhile, the country’s regulator has accused several casino operators of colluding in tenders for casino operation permits in 2020 and 2021. The alleged collusion allowed the casinos to renew permits for 15 years with offers below what would be considered competitive, according to a statement from the regulator. The regulator is seeking fines equivalent to $151.9m and the end of permits renewed in the tenders.
  • No domestic macro data are due today, with focus turning to September trade and inflation figures, expected Monday and Tuesday next week.