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USDCLP is dragging LatAm currencies lower.....>

FOREX
FOREX: USDCLP is dragging LatAm currencies lower. The pair has now closed the
whole gap following the intervention news.
Looking ahead, still quite surprising to see a survey for a 25bps cut at the
next CB meeting to 1.50%.
Surely, the continued currency weakness will have some market participants
looking for a HIKE?

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