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Hacienda Sell $100 Mil, Doubling February USD Sales Total

CHILE
  • CHILE FINANCE MINISTRY SELLS $100M IN DOLLARS AT 984.6/USD
  • First action since last Monday and takes the total for February to just $200 mil.
  • JPMorgan noted overnight that there are still potentially USD 1.7bn to be sold by the end of March.
  • They added that "while USD sales by the treasury are unlikely to materially alter the CLP trajectory, they represent a risk factor for CLP shorts given current levels and positioning by foreign investors."

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