July 22, 2022 11:44 GMT
- USDCLP has spent the past two sessions consolidating around the 925 mark as the steep market selloff following the central bank’s fx intervention program begins to lose momentum. As mentioned, Wednesday’s low marked a near 14% pullback from last Thursday’s high print around 1,060.
- BCCh continue with their currency program today, selling $200m in the spot market and $500m in forwards.
- Data today - 1400BST/0900ET: June PPI M/m, prior 0.6%