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Hacienda Completes March USD Sales, Third Pension Withdrawal Discussion

CHILE
  • USDCLP strengthened yesterday as Hacienda completed their $2 billion of sales for the month of March. Desks have noted an expectation of this trajectory, given the anticipation of no USD offers for the next six sessions locally.
  • In local news, workers at the Los Pelambres copper mine accepted a wage offer in an eleventh-hour deal that averts a strike at Antofagasta Plc's largest operation.
  • *Today the constitution commission of the chamber of deputies begins discussing a project for a third withdrawal of pension funds. The government has warned that it will resort to the Constitutional Court to block the initiative.

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