Loading…
A Fondsinfo commentary says Chile's peso is sensitive to copper prices, which make up over half of Chile's exports, and that the central bank raised rates by 225 basis points between July and October. It projects USD/CLP at 800 in three months and 840 in 12 months, and sees limited scope for sustained peso outperformance.
The piece is about Latin American currencies and copper, with no direct mechanism moving feed grain supply, demand or prices.
fondsinfo.beOct 21, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
