Free Trial

Copper Drop May Act As Additional Headwind For CLP

CHILE
  • Copper fell to the lowest in seven weeks as base metals dropped on concerns about possible tightening of monetary policy in the U.S. and as Chinese demand pulled back after a recent rally in prices.
  • The recent price action may act as a headwind for the Chilean Peso, combining with the recent pick up in political uncertainty for the country.
  • This comes against a more upbeat central bank, with president Marcel signalling that a rate hike will certainly come in 2021.
  • Chile's government will use next month's quarterly Public Finances Report to update its 2021 bond issuance plans whose purpose is to fund expanded Covid-19 aid programs, according to an emailed statement.

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.