MNI: FED'S BARKIN STILL CONFIDENT UNDERLYING INFLATION FALLING

MNI China Daily Summary: Friday, January 3

MNI China Press Digest Jan 3:RRR Cut Mooted, Yuan, Consumption

MNI BRIEF: Beijing Boosts Consumer Trade-ins To Cellphones

MNI: PBOC Net Drains CNY88.5 Bln via OMO Fri

MNI: PBOC Sets Yuan Parity Lower At 7.1878 Fri; -2.29% Y/Y

US EIA:NAT GAS STORAGE -116 BCF TO 3,413 BCF JAN 03 WK

MNI: US ISM DEC MANUF PURCHASING MANAGERS INDEX 49.3

MNI: UK NOV M4 MONEY SUPPLY +0% M/M, +2.9% Y/Y

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

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

CHILE: USDCLP Bull Cycle Remains In Play

CHILE
BulletEM BulletEmerging Market News
  • The Chilean peso is trading firmer against the dollar early in Tuesday’s session, as the front-end of the US yield curve has come under some pressure and the greenback has unwound earlier gains. USDCLP has dipped by 0.5% to 972, narrowing the gap to initial firm support at 968.29, the 20-day EMA.
    • Worth noting that Hacienda’s dollar sales rose to $200mn yesterday, above the $100mn seen in recent sessions, as it front-loads its dollar sales this week, ahead of the Thanksgiving holiday. The potential total weekly max for dollar auctions remains unchanged, at $400mn.
    • For USDCLP, our technical analyst notes that a bull cycle in remains in play. Resistance at 966.61, the Aug 5 high and a key short-term hurdle for bulls, has recently been breached. This opens 990.67, the Feb 26 high, ahead of the psychological 1000.00 handle.
    • On the downside, a break of initial firm support at the 20-day EMA would expose 953.45, the 50-day EMA.
155 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 Chilean peso is trading firmer against the dollar early in Tuesday’s session, as the front-end of the US yield curve has come under some pressure and the greenback has unwound earlier gains. USDCLP has dipped by 0.5% to 972, narrowing the gap to initial firm support at 968.29, the 20-day EMA.
    • Worth noting that Hacienda’s dollar sales rose to $200mn yesterday, above the $100mn seen in recent sessions, as it front-loads its dollar sales this week, ahead of the Thanksgiving holiday. The potential total weekly max for dollar auctions remains unchanged, at $400mn.
    • For USDCLP, our technical analyst notes that a bull cycle in remains in play. Resistance at 966.61, the Aug 5 high and a key short-term hurdle for bulls, has recently been breached. This opens 990.67, the Feb 26 high, ahead of the psychological 1000.00 handle.
    • On the downside, a break of initial firm support at the 20-day EMA would expose 953.45, the 50-day EMA.