Free Trial

Focus Turns To BCCh Decision Following Volatile Monday

CHILE
  • Market reactions were extremely volatile at Monday’s open, following Sunday’s vote to reject the new constitution. Details of which can be found here:
  • While the initial kneejerk reaction for Chilean assets at Monday’s open was positive and significant, it is worth noting the moves may well have been exacerbated by the US holiday amid potentially lower volumes.
  • Indeed, the rally across fx and local swap rates moderated consistently throughout the course of Monday’s session, closing at near to unchanged levels. It remains to be seen if the initial optimism will garner any momentum over coming sessions, especially with the central bank decision after the close on Tuesday.

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.