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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI: China CFETS Yuan Index Up 0.01% In Week of Nov 22
MNI: PBOC Net Injects CNY76.7 Bln via OMO Monday
Increased Hacienda USD Supply Adds Tailwind For Peso
- On Tuesday, Chile’s finance ministry announced an increase of USD sales for February to $2 billion. The announcement stated that February auctions will run with a daily maximum of US$150 million.
- A total of $490 million were sold in January of the $500 million max that was announced. The increase for February prompted a sizeable 1% reaction in USDCLP following the announcement, with the pair sinking back below the 800 handle, marking the lowest print since April 2022.
- USDCLP has opened lower once again on Wednesday amid a weaker greenback and the more resilient economic activity data released this morning. The more gradual adjustment in the data bolsters the most recent rhetoric from the central bank that monetary policy may remain tight for longer than policymakers initially planned.
- Fresh cycle lows for USDCLP have confirmed a resumption of the downtrend and maintain the bearish price sequence of lower lows and lower highs. The continuation lower exposes 788.95, the Apr 6 low. Below here, 771.89 will come into focus, the 2022 low.
To read the full story
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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.