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CLP Boosted At Open By Risk, Copper Prices

  • USDCLP opening markedly lower just above 808 following the boost to risk assets during the European session on Tuesday. Copper has also risen 0.6% overnight, contrary to the broader weakness in the commodity complex, providing an additional tailwind for the Peso.
  • 3pm local: Chile’s full constitutional convention, the body in charge of drafting the country’s new charter, will begin to vote on proposals that emerged from different committees. Today the report of the Justice Systems Commission will be voted on. (BBG)
  • There are no major data releases in Chile scheduled this week.

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