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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessStronger Commodities Backdrop Supporting Andean FX
- The recovery in commodity prices today is helping Andean FX to outperform, with both CLP and COP posting solid gains against the dollar. Copper prices have risen by 0.8%, underpinning a 1% gain for the Chilean peso against the dollar, while COP has risen 0.5%, supported by a 0.5% rise in WTI crude prices.
- For USDCLP, currently trading around 944, attention is still on key short-term resistance and a bull trigger at 956.73, the Jun 27 high. Key support has been defined at 929.78, the Aug 1 low.
- Looking ahead, July CPI inflation data will be released in both Chile and Colombia on Thursday, with the headline rate expected to edge up in Chile, but finally dip below 7% in Colombia.
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.