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Chilean Peso Extends Gains In Otherwise Subdued Session

LATAM
  • Most regional currencies are trading in subdued fashion on Wednesday, reflecting the light domestic data calendars this week and the broad greenback strength being offset by another leg higher for major US equity indices. Broad sentiment is emphasised by the extremely tight 16.72-78 intra-day range for USDMXN.
  • However, the more favourable commodity backdrop has been benefiting the Chilean Peso with USDCLP (-0.90%) steadily moving lower and bridging the gap with last week’s lows around 807.

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