Peso Break Points To Further Upside

With US dollar weakness back on the agenda, the Chilean peso looks on track to post major gains over the coming trading sessions. We initiated a long CLP/short US$ position in our key market views portfolio at CLP523.65/US$ on November 6 (see our online service for 'Key Market Views: Bullish Chilean Peso'), and are already on the cusp of hitting our CLP510.00/US$ target in the very near term.

To read the full article, please choose one of the following options: