MNI BRIEF: China To Boost Consumer Spending, New Industries

MNI BRIEF: China Enhances Fiscal Response To Boost Economy

MNI BRIEF: China To Promote Migrates' Rights, Reform Hukou System

MNI: PBOC Net Injects CNY57 Bln Via OMO Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1315 Fri; -0.52% Y/Y

CHINA PBOC CONDUCTS CNY59 BILLION VIA 7-DAY REVERSE REPOS FRI

Intermediate PPI Deflation Continues To Fade in June

MNI: GERMANY JUNE PPI  +0.2 % M/M (+0.1% FCAST, 0.0% PRIOR)

Disappointing data but no market reaction

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

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

CLP Weakens Amid Lower Copper, Pressure on EM FX

CHILE
  • USDCLP is rising again on Thursday extending the most recent bounce to 4.5% as lower copper prices, a firmer greenback and pressure on EMFX work against the Peso. Initial firm resistance for USDCLP is at 958.44, the Nov 3 high.
    • Demand concerns from China remain at the forefront for commodities markets, as Covid cases continue to rise reducing the hope of any further near-term easing of restrictions.
  • Chile’s Gabriel Boric speaks about Latin America and Asia relations in Thailand, at the Asia-Pacific Economic Cooperation leaders’ summit in Bangkok
  • GDP and current account balance data for the third quarter will be published on Friday and remain the focus on the domestic docket.
  • Former internal revenue chief Michel Jorratt told a Senate committee Wednesday that Chilean miners currently pay a lower effective tax rate than in Peru and Australia, and that the government’s plan to increase copper royalties would bring them more or less in line. (BBG)
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.