CHILE: USDCLP Extends Losses, President Boric Seeks Pension Bill Vote Next Week

Jan-24 12:23
  • USDCLP is trading 0.6% lower in earlier trade on Friday, after President Trump’s comments that he would "rather not" put tariffs on China, although retained the option of doing so, has driven a further pullback in the dollar. Higher copper prices today are also providing a tailwind for the peso.
  • The move leaves USDCLP 2.4% lower on the week at 982, the lowest level since Dec 13 and below the 50-day EMA at 987.0. A clear break of the EMA would highlight potential for a deeper retracement and open 966.86, the Dec 6 low.
  • Meanwhile, President Boric has said he will invoke unprecedented constitutional power to speed up the pension reform vote in congress, seeking a final approval this month. La Tercera reports that Boric will use this power to have the House hold an extraordinary session next week.

Historical bullets

MNI: CHINA PBOC CONDUCTS CNY192.3 BLN VIA 7-DAY REVERSE REPOS WEDS

Dec-25 01:22
  • CHINA PBOC CONDUCTS CNY192.3 BLN VIA 7-DAY REVERSE REPOS WEDS

MNI: CHINA SETS YUAN CENTRAL PARITY AT 7.1868 WEDS VS 7.1876

Dec-25 01:21
  • CHINA SETS YUAN CENTRAL PARITY AT 7.1868 WEDS VS 7.1876

MNI: JAPAN NOV SERVICES PPI +3.0% Y/Y; OCT UNREV +2.9%

Dec-24 23:51
  • MNI: JAPAN NOV SERVICES PPI +3.0% Y/Y; OCT UNREV +2.9%
  • JAPAN NOV SERVICES PPI +0.4% M/M: OCT UNREV +0.8%