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2 Apr 2015
Positive bias persists around the Chilean peso – BAML
FXStreet (Edinburgh) - The prospects for the Chilean peso remains on a positive tone, suggested the research team at BAML.
Key Quotes
“We stay neutral the Chilean peso with a positive bias”.
“Terms of trade improved markedly in the last month as copper prices recovered and oil prices plunged, yet the peso lost value”.
“High inflation has ruled out the likelihood of rate cuts and may lead the central bank to turn more hawkish in coming months”.
“We like long CLP against COP or PEN to avoid outright USD exposure”.
Key Quotes
“We stay neutral the Chilean peso with a positive bias”.
“Terms of trade improved markedly in the last month as copper prices recovered and oil prices plunged, yet the peso lost value”.
“High inflation has ruled out the likelihood of rate cuts and may lead the central bank to turn more hawkish in coming months”.
“We like long CLP against COP or PEN to avoid outright USD exposure”.