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Latest Presidential Poll Shows Centre-Right Candidate Sichel Ahead

CHILE
  • Chile, Activa/Pulso Ciudadano poll: Presidential election (via America Elects)
    • Sichel (CV, liberal to conservative): 32% (+7)
    • Boric (AD, left): 23% (-9)
    • J.A. Kast (PRCh, right): 16% (+6)
    • Provoste (DC, centre): 11% (-6)
    • (+/- vs. 27-30 July '21) Fieldwork: 9-13 August '21 Sample size: 1,410
  • Released late yesterday, this may be important given the significant negative reaction in CLP yesterday following the Cadem poll that showed Gabriel Boric with a lead.
  • Interestingly, the poll shows the highest level of voter support for José Antonio Kast (PRCh, right) since May 2018: 15.9%. - No poll had estimated him so close to reaching the second round for 3 years.
  • Heavy copper prices and souring sentiment may still act as a headwind for the Peso, combined with the sustained bullish technical outlook for USDCLP approaching the latest highs around 796. However, the poll may provide a short-term relief rally for local assets. Initial support comes in at 775.74, last Friday's close.

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