NORGES: RATES PROBABLY AT CURRENT LEVEL QUITE SOME TIME

RATES MAY NEED TO BE ON HOLD LONGER THAN ENVISIONED: NORGES

MNI: NORGES BANK LEAVES RATES UNCHANGED AT 4.50%

MNI WATCH: CNB Seen Cutting 50Bps to 5.25%, Signal Slower Pace

MNI China Daily Summary: Tuesday, April 30

MNI BRIEF: China To Keep Tackling Risks In Real Estate, Debts

MNI: BAKER HUGHES US RIG COUNT 605; OIL RIGS 499; GAS RIGS 102

BoE Data Watch

RBA Data Watch

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Chilean Peso Remains Buoyed By Commodities/Technicals

LATAM FX
  • Despite a multitude of local market closures across the region, the Chilean Peso has risen over 1% on Monday against the greenback.
  • CLP continues to be underpinned by commodity strength as well as USDCLP trend conditions remaining bearish and short-term gains at this stage being considered corrective.
  • The 50-day EMA at 814.84 has been probed but still offers a firm resistance area ahead of 832.75, the Feb 7 high.
  • USDMXN filled the gap to Friday’s close amid the ongoing recovery in equities but has since had a small bounce to trade around 20.40 as we approach the month-end WMR fix.
  • Colombian unemployment scheduled at some point today is the last remaining data point.
  • Below gives key levels of LatAm markets in current trade:
    • USDMXN up 0.26% at 20.3997
    • USDCLP down 1.1% at 793.15
    • USDCOP down 0.36% at 3899.24
    • USDPEN up 0.09% at 3.741
    • Bbg Dollar Index up 0.09% at 1180.66
    • JPMorgan EM Ccy Index down 2.53% at 51.676
    • BBG Commodity Index up 2.197 points (1.95%) at 114.5945
    • WTI Crude Oil (front-month) up $4.02 (4.39%) at $95.60
    • Gold is up $26.26 (1.39%) at $1915.70
    • Copper Futures up 0.7 (0.16%) at 447.90
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

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.