Free Trial

CLP Under Pressure On China/Copper, Boric Approval Rises To 35%

CHILE
  • USDCLP gapped around 1% higher at the open as markets assessed the impact of China’s decision to set a lower-than-expected economic growth target, potentially signalling that Beijing is unlikely to implement large-scale stimulus. Copper futures have dropped around 1%.
  • Separately, President Boric’s approval rating continues to rise and reached its best level since September, at 35%, according to Cadem’s survey posted on Sunday.
  • This week on the data docket, we have trade balance figures on Tuesday, February CPI data on Wednesday and the latest BCCh economists survey scheduled for Friday.

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.