Free Trial

USDCLP Softens At Open Following BCCh Minutes Caution Over Peso

CHILE
  • The softer greenback and mention of the peso as “an important price in the economy, whose movements could have significant effects”, has weighed on the USDCLP exchange rate at the open. USDCLP has reversed a small portion of Tuesday’s ascent and still stands up around 0.6% on the week.
  • An extension of last week’s gains would signal scope for a climb towards key resistance and the bull trigger at 955.00, the Oct 16 high. He central bank traders survey is the only notable release this week.

To read the full story

Close

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.