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Economic & Trade Ties To Be Boosted With China, CLP Remains Under Pressure

CHILE
  • China and Chile on Oct. 17 agreed to boost economic and trade ties as well as expanding cooperation in the digital economy and green development, according to a joint statement. It had been well reported on Monday that President Gabriel Boric continued to meet with business and political leaders as part of his state visit to China.
  • There are no significant economic releases this week which leaves local assets to be driven by broader global themes. The Chilean peso remain under severe pressure, with USDCLP opening higher once again amid the weakness in copper overnight. The pair trades just shy of Monday’s cycle highs of 955, closely coinciding with the nearest technical point of 956.45, the Nov 21 high.

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