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USDCLP Extending Below 900.00 as President Boric Speaks at InvestChile Event

CHILE
  • Despite the lower copper prices on Thursday, USDCLP is extending its recent downtrend, breaching below the 900 level in recent trade. On the downside, sights are on 886.96, the 76.4% retracement of the Dec 1 ‘23 - Feb 26 bull leg. Today’s spot moves come amid upbeat commentary from Finance Minister Marcel on Chile’s investment pipeline and latest remarks from President Boric, also speaking at the InvestChile event:
    • Boric says he'll travel to India, Indonesia later in '24
    • Codelco is moving forward after tough period
    • Govt to present national data center plan
    • Enami in talks with prospective lithium partners (BBG)

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