FXMarketAlerts Team
FXMarketAlerts
Published at 13:09 (GMT) 30 Mar
CLP is starting the trading session under water sliding 0.35% to 625 at the time of this writing as mixed economic data failed to counteract the strength of the US Dollar following comments by Fed Chair Yellen on Friday who stated the US Central Bank will likely start tightening monetary policy gradually later in the year. In addition, remarks by Chinese Central Bank Chief over the weekend that their economy may be decelerating too much is also weighing on the peso especially as the Asian country is Chile's largest copper buyer. Later in the day at 10 am EST, BCCh is expected to publish its Q1 Monetary Policy Report (IPOM) which will not likely change FX market direction as Chilean Central Bank officials have been very clear recently about what to expect.
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