Published at 13:08 (GMT) 09 Sep

USDCLP

CLP rises as Euro gains marginally and US equity futures inch higher after better than expected US data. US initial claims came below expectations at 451k while the trade deficit narrowed more than anticiparted to $42.8bn. The equity market reacted positively to the data, softening the USD while boosting the peso. Copper's 1.56% losses may limit CLP gains. At this point, intervention is not much of a risk for CLP, rather its regulatory changes to pensions like we saw in January. Watch possible snap back towards 500. Range: 490/505.