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President-Elect To Meet With Chile Vamos Leaders

CHILE
  • The Chilean peso is opening up around 0.35% with USDCLP approaching recent lows around 810.50. USDCLP remains in a technical bear cycle and further weakness is likely near-term. The recent leg lower resulted in a breach of trendline support suggesting scope for a pullback towards 798.65 next, Nov 22 low.
  • 9am local: Chilean Senate’s mining committee continues debate over mining royalties
  • 9:30am local: President-elect Gabriel Boric will meet today at with party leaders from Chile Vamos.
  • As a reminder, the Treasury announced plans to sells $20 billion in debt this year, up from the $19 billion planned for 2021, according to a statement from the Finance Ministry.

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