MNI BRIEF: China's Soft Land Sales Reducing Fiscal Income

(RPT) MNI: RBA Labour Market Rethink Seen Making Cuts More Distant

MNI: China CFETS Yuan Index Down 0.50% In Week of Aug 23

MNI: PBOC Sets Yuan Parity Lower At 7.1139 Mon; +1.97% Y/Y

CHINA PBOC CONDUCTS CNY471 BILLION VIA 7-DAY REVERSE REPOS MON

MNI: PBOC Net Injects CNY418.9 Bln via OMO Monday

NBH Data Watch

MNI: US JUL NEW HOME SALES +10.6% TO 0.739M SAAR

EZ/UK Bond Supply Calendar: EFSF RfP Sent, EU-Bonds Due Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

USDCLP Technical Outlook Remains Bearish, Senate Approves PGU

CHILE
  • The Chilean peso is a touch firmer post the open, following yesterday’s bounce in USDCLP from around 800 to just shy of 810. Initial firm resistance is seen at 827.27 the 20-day EMA, Jan 18 high with technical conditions continuing to signal a bearish outlook.
  • Focus after the Fed will turn to the BCCh where currently, 7/10 analysts are expecting the board to hike the overnight rate by 125bps to 5.25%. The remaining three are calling for a bolder 150bp hike. Similar sentiment of hawkish risks are echoed by some analyst within their previews of the meeting. The MNI preview will be published shortly.
  • The Senate approved the project that creates the Universal Guaranteed Pension on Monday, including its financing. The project now advances to the Lower House for its final vote, which would take place on Wednesday.
  • Cabinet appointments and recent pledges suggest President-elect Gabriel Boric’s government will favor a prudent fiscal policy, but difficulties remain, Fitch Ratings analysts reported.
    • Balancing social spending commitments with fiscal consolidation that would stabilize the growing government debt burden will be challenging. (Fitch)
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

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.