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USDCLP Reverses Early Strength, Now Down 0.5% On The Day

CHILE
  • The initial peso weakness has reversed and USDCLP now sits modestly lower as the broader USD index slips back to unchanged on the session.
  • Today, Chile’s lower house floor are scheduled to vote on the government’s tax reform after postponing vote from Monday. Worth noting it will then likely face more negotiations in the Senate.

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