MNI: Canada Apr-Sept Budget Deficit Widens On Spending

CANADA'S TRUDEAU: I CONTINUE TO HAVE GOOD TALKS WITH TRUMP

MNI BRIEF: Little Macro Difference On Rate Oprions- de Guindos

MNI BRIEF: PBOC Added Outright Repo For Ample Lqdty In Nov

MNI China Daily Summary: Friday, November 29

MNI BRIEF: China Extends U.S. Import Tariff Exemption List

EZ/UK T-Bill Calendar: Germany, Netherlands, France Due Monday

EZ/UK Bond Supply Calendar: UK, Germany Auction on Tuesday

CANADA Q3 GDP ANNUALIZED +1.0% AS EXPECTED ON GOVT, CONSUMERS

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Fresh Cycle Highs For USDCLP, Rises 0.85%

CHILE
  • Standing out as the EM underperformer on Tuesday is the Chilean peso which sees USDCLP briefly trade to fresh cycle highs above 927 in recent trade. Despite the late positive sentiment across global markets on Monday and the more optimistic tone for regional FX peers the Chilean peso has been unfazed following yesterday’s local holiday.
  • USDCLP moving average studies are in a bull-mode position and a positive price sequence of higher highs and higher lows remains intact. Having now pierced 926.51, the Nov 28 high, scope is seen for a climb towards 944.89, the 76.4% retracement of the Sep 26 2022 - Feb 3 bear leg. Initial support at the 20-day EMA moves up to 901.27.
  • As a reminder, last week’s September CPI came in modestly above the median surveyed estimate, however, analysts have noted it was driven by volatile components which is unlikely to derail the central bank’s expected 75bp easing pace for the remainder of 2023. The BCCh will release its latest economist survey of expectations tomorrow, which is the only notable release for the rest of the week.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

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.