Published at 13:29 (GMT) 14 Dec

USDCLP

CLP FX posts marginal gains of 0.08% to 497.25 amidst a positive global backdrop and Latam FX. With no local or US data, the only major event is the local election results, which has resulted in a split Congress and a second round Presidential run-off election in Jan. Globally, the USD posts losses v. Euro while US equity futures and copper prices trade higher. The upbeat mood is partially a result of Abu Dhabi's US$10bn bailout of Dubai world, helping remove an important raincloud from emerging market performance. CLP should remain unanchored, but bias is for continued sub-495 flirtation: 492-499.