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December Unemployment Rate Data, BCCh on Wednesday

CHILE
  • The peso is opening firmer at 928.5 at the time of writing on Tuesday, after weakening vs. the dollar through yesterday’s session. USDCLP rose to a high of 932.2 on Monday, ahead of tomorrow's interest rate decision when BCCh is expected to step up the pace of easing to 100bp. USDCLP maintains a positive tone and the recent break of 924.67, the Nov 13 high signals scope for 955.00, the Oct 16 high. Initial support is at 897.25 the 50-day EMA.
  • On the data front today, Chile’s unemployment rate is expected to have declined to 8.6% in December, from 8.7% the month before (1200GMT/0700ET).
    • Dec. Unemployment Rate, est. 8.6%, prior 8.7%
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  • The peso is opening firmer at 928.5 at the time of writing on Tuesday, after weakening vs. the dollar through yesterday’s session. USDCLP rose to a high of 932.2 on Monday, ahead of tomorrow's interest rate decision when BCCh is expected to step up the pace of easing to 100bp. USDCLP maintains a positive tone and the recent break of 924.67, the Nov 13 high signals scope for 955.00, the Oct 16 high. Initial support is at 897.25 the 50-day EMA.
  • On the data front today, Chile’s unemployment rate is expected to have declined to 8.6% in December, from 8.7% the month before (1200GMT/0700ET).
    • Dec. Unemployment Rate, est. 8.6%, prior 8.7%