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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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Free AccessPolitical Developments Likely To Ease Pressure On Local Assets
- Bonds in Chile are likely to extend gains from last Thursday after the far-left candidate lost out in primaries to a more moderate rival ahead of November's presidential election (as we noted earlier).
- This comes following the central bank's less hawkish than expected statement which accompanied the commencement of policy normalisation in the form of a 25bps rate hike to 0.75%. Chilean front-end yields fell and may extend the shift lower in the short term with the latest political developments. As a reminder there was a national holiday on Friday.
- CLP has been on a downward trajectory, with USDCLP pushing towards and closing around the bull trigger at 757.60, Jun 22 high. The news may provide some short-term relief for the Peso, in the face of a stronger dollar stemming from poorer risk sentiment.
- In local news, Chile will end weekend quarantines for all municipalities in Santiago.
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.