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Ongoing Copper Weakness May Weigh On CLP

CHILE
  • With copper futures consolidating Monday’s weakness, the Chilean peso may continue to struggle, although the primary driver for broader sentiment will come from the US retail sales report due at 1330BST/0830ET. Topside focus for USDCLP remains on 825.20, the Apr 10 high, ahead of the key short-term resistance at 837.15, the Mar 17 high.

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