Economists at Credit Suisse think that Chilean peso has room to perform in coming weeks – they target 800 in USD/CLP.
Valuations remains attractive
“We think that CLP has room to perform in coming weeks driven by attractive valuations, high carry and a good technical position.”
“Valuations remains attractive while from a positioning standpoint foreign investors seem to be short CLP.”
“we think the USD/CLP has the potential test again the 800 level.”
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