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Summary Continued - USDCLP Approaches 730.00, BanRep On Friday

LATAM

CHILE - One way traffic for the Peso last week with USDCLP closing towards its worst levels at 730 having started the week around 745. No data/events on the calendar so may be driven this week by general risk sentiment and any volatility in copper prices.

  • Today, Chile Central Bank President Mario Marcel speaks remotely before annual Zurich fund manager conference at 1200 GMT.

COLOMBIA - 1500GMT/1000ET - Colombia Oct Retail Sales Expected 3.5% y/y vs Prior -0.8%.

  • Trade Balance to be released on Friday along with BanRep final meeting of the year. Having met recently on Nov 27th and left the overnight lending rate at 1.75%, there is a consensus for another unchanged decision.

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