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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.
CHILE
- USDCLP has now reversed the entire move lower following Sunday's election and the sharp 4% appreciation in the Peso. Cautious optimism surrounding the result and the lingering uncertainties tied to the run-off and beyond have gradually seen Chilean assets retreat.
- Naturally, the broad based risk-off prompted the most recent leg higher for USDCLP amid significant weakness in commodity markets, including a 3.5% dip in copper prices.
- A breach of resistance at 842.25 would open 850.00 and further out 878.86, the Mar 19, 2020 high. From a trend perspective, the outlook remains bullish.
- Chile's conservative presidential candidate Jose Antonio Kast expanded his team of economic advisers, including one from a centre-right rival he beat in Sunday's election, as he seeks to broaden his business credentials ahead of the runoff next month.
- Left wing presidential candidate Gabriel Boric may present new members of his economic team today, according to local media.
- No further data is due this week, however a slew of releases are scheduled for the middle of next week, including October economic activity. The next BCCh meeting is due December 14
MNI/Bloomberg
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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