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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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Free AccessUSDCLP Back Below 800, One-Yr Camara Swap Rates Above 8.25%
- USDCLP extends lower in early trade, breaching the 800 mark once again. A very strong session for the Peso yesterday following the bounce in global equity benchmarks, all the while underpinned by ascending copper prices.
- Camara swap rates continue to shift higher, with one-year yields now above 8.25% and nearly 125 basis points higher than prior to the January CPI release.
- Last night Constitutional Assembly approved with a quorum of 2/3 of the constituents 14 of 16 norms coming from the Justice Systems Commission. Among these is legal pluralism, which in practice would allow indigenous communities to create their own conflict resolution systems. Two regulations on the tenure of judges and execution of resolutions did not reach two thirds and will return to commission. (Bloomberg)
- The rally in the Chilean peso “has gone too far” and the currency is now underpricing risks imposed by the ongoing constitutional process, as well as external headwinds tied to the Federal Reserve tightening outlook, according to Credit Agricole.
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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.