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Copper Rally Stalls For Now

CHILE

Some respite for surging copper prices with a broadly flat day yesterday and some selling pressure this morning may halt the Chilean Peso rally, but not much has changed overall. Continued USD sales from Hacienda contributing to a weaker outlook for USDCLP. Additionally, we highlighted relative outperformance on the vaccination front in a piece yesterday.

  • USDCLP marginally higher on the open, currently trades 725.00

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