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Fourth Pension Withdrawal Bill Vote Delayed

CHILE
  • USDCLP opening lower, trading down to 786 in line with S&P futures and stocks in Europe rising, spreading positive sentiment to the majority of EM currencies.
  • Yesterday's price action fell just short of 790 with investors still focused on the 795.73 highs for a resumption of the uptrend.
  • Worth noting overnight that the House Committee has rescheduled the pension bill vote to September 27. The Constitution Commission will continue review of the bill for a fourth pension withdrawal on Monday from 9am local time, where the house floor would vote on the bill the following day, Sep. 28.

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