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Chilean Peso Boosted By More Favourable Commodity Backdrop

  • The more favourable commodity backdrop benefitted the Chilean Peso on Wednesday with USDCLP steadily moving lower and bridging the gap with last week’s lows around 807. This trend may be set to extend given coppers 1.8% advance so far today. Initial key support has been defined at 794.09, the Jul 4 low.
  • President Gabriel Boric continues visit to Europe with activities in France.

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