- After a weak open yesterday amid the initial reaction to the US election results, the Chilean peso clawed back much of its losses against the dollar through yesterday’s session, closing 0.47% weaker around 960. For USDCLP, a bull cycle remains in play, with the pair briefly rising above 966.61, the Aug 5 high, yesterday. Above here, focus is on 980.00 and 990.67, the Feb 26 high. Initial firm support lies at 946.00, the 20-day EMA.
- Today, the BCCh will publish its latest traders survey at 1130GMT(0630ET), including interest rate forecasts for next month’s monetary policy meeting. October trade figures will be released at the same time, including latest copper exports, with analysts expecting the trade surplus to narrow to $1.52bn, from $1.82bn in September. This will be followed by nominal wage figures for September at 1200GMT(0700ET).
- Oct. Trade Balance, est. $1.52b, prior $1.82b
- Oct. Copper Exports, prior $4.55b
- Sept. Nominal Wage YoY, prior 8.7%
CHILE: BCCh Traders Survey, October Trade, September Nominal Wages Due
Last updated at:Nov-07 11:10By: Keith Gyles
Chile
- After a weak open yesterday amid the initial reaction to the US election results, the Chilean peso clawed back much of its losses against the dollar through yesterday’s session, closing 0.47% weaker around 960. For USDCLP, a bull cycle remains in play, with the pair briefly rising above 966.61, the Aug 5 high, yesterday. Above here, focus is on 980.00 and 990.67, the Feb 26 high. Initial firm support lies at 946.00, the 20-day EMA.
- Today, the BCCh will publish its latest traders survey at 1130GMT(0630ET), including interest rate forecasts for next month’s monetary policy meeting. October trade figures will be released at the same time, including latest copper exports, with analysts expecting the trade surplus to narrow to $1.52bn, from $1.82bn in September. This will be followed by nominal wage figures for September at 1200GMT(0700ET).
- Oct. Trade Balance, est. $1.52b, prior $1.82b
- Oct. Copper Exports, prior $4.55b
- Sept. Nominal Wage YoY, prior 8.7%
