© 1982-2022 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial
US TSY FUTURES

BLOCK, 2Y Trade

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Topics

Fitch Ratings On New Constitution, USDCLP Remains Volatile

CHILE
BulletEM BulletEmerging Markets
  • Chile’s draft constitution sidesteps some of the most radical proposals, yet fails to provide clarity on how new measures will affect the business environment and government functions, according to Fitch Ratings.
  • https://www.fitchratings.com/research/sovereigns/chiles-proposed-new-constitution-does-not-remove-uncertainty-24-05-2022
  • Volatile session yesterday for the Chilean peso with USDCLP trading in a 827.20-8.3855 range. The current retracement remains in play with the pair hovering above its most recent lows. Price has breached both the 20- and 50-day EMAs, signalling scope for an extension lower.
    • This would open 821.74, 50.0% of the Mar 29 - May 12 upleg. The 61.8% level intersects at 809.98. Despite the bearish price action, the current pullback is still considered corrective.
105 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • Chile’s draft constitution sidesteps some of the most radical proposals, yet fails to provide clarity on how new measures will affect the business environment and government functions, according to Fitch Ratings.
  • https://www.fitchratings.com/research/sovereigns/chiles-proposed-new-constitution-does-not-remove-uncertainty-24-05-2022
  • Volatile session yesterday for the Chilean peso with USDCLP trading in a 827.20-8.3855 range. The current retracement remains in play with the pair hovering above its most recent lows. Price has breached both the 20- and 50-day EMAs, signalling scope for an extension lower.
    • This would open 821.74, 50.0% of the Mar 29 - May 12 upleg. The 61.8% level intersects at 809.98. Despite the bearish price action, the current pullback is still considered corrective.