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USD/CLP consolidating below 600, GDP beat adds to signs of recovery

Chile Q1 GDP +1% v Q4 2014, +2.4% v Q1 2014, GDP beat adds to signs of recovery Rising copper & GDP relieves some dovish pressure USD/CLP consolidating below 600, support at 592.30 Fri/Nov 21 low area Below 592 Nov '14 l…

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  • Chile Q1 GDP +1% v Q4 2014, +2.4% v Q1 2014,  GDP beat adds to signs of recovery

  • Rising copper & GDP relieves some dovish pressure

  • USD/CLP consolidating below 600, support at 592.30 Fri/Nov 21 low area

  • Below 592 Nov '14 lows by 570 attract

  • Markets focus on increased China stimulus rather than weak growth outlook

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