Analysis and market intelligence on fixed income, forex and equities in Asia, EMEA and Latin America

Economy / Chile

Double Bottom Suggests Further CLP Depreciation

January 2010 | Market Strategy

We highlighted yesterday that the recent uptick in global risk aversion amid Chinese monetary tightening and proposals for potentially far-reaching banking sector reform has seen stock markets across Latin America struggle. This weakness is also being felt in LatAm currencies, with the Chilean peso looking particularly precarious against the US dollar, in our view.

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

Subcribers please log in

Related Weekly Articles
CLP: Short Term Weakness Ahead

Economy / Chile The Chilean peso remains a regional underperformer, having failed to match the rapid gains against the weakening US dollar posted by other Latin American currencies in recent months. Rather, from a technical...
October 2009
Peso Rally To Be Muted

Economy / Chile The Chilean peso has traded basically as we had expected over the past three months, with a move from CLP526.50/US$ in September to CLP550.00/US$ earlier this week. Our call was for a depreciation around...
February 2007
CLP: Downside Risks

Economy / Chile The Chilean peso has continued to weaken, largely, we think, as a result of the decline in the price of copper since mid November 2006 - in line with the view we promoted at CLP527.40/US$ on November...
February 2007
CLP/EUR: Clawing Back Losses

Economy / Chile Our cautious view of the Chilean peso over the past few months has played out, especially against the euro, which has strengthened sharply over the past week against EM currencies and the US dollar....
December 2006
CLP: Familiar Sight

Economy / Chile Yesterday we highlighted the potential for short-term weakness in the Chilean peso, a view which played out as the unit fell to a three-week low of CLP527.40/US$. We mentioned that we have noticed a...
November 2006


All material on this site is protected by international copyright laws and use of this site is subject to our Terms & Conditions.
© 2010 Business Monitor International Ltd
Site powered by WORKSsitebuilder CMS