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USD/CLP eyes Fib support by 624 after slight US CPI miss

USD/CLP slips to 1-wk low by 628.50 after slight US CPI miss, RM tipped on offer CL-US yields differentials moving higher, USD/CLP below support at 10-DMA (631.48) 21-DMA & 61.8% Fib attract by 624; resistance 630.89 hou…

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  • USD/CLP slips to 1-wk low by 628.50 after slight US CPI miss, RM tipped on offer

  • CL-US yields differentials moving higher, USD/CLP below support at 10-DMA (631.48) 

  • 21-DMA & 61.8% Fib attract by 624; resistance 630.89 hourly high, 635.28 daily pivot

  • Fed remains focus, reduced '15 GDP growth forecast, lower FF target hit USD

  • US rate hold suits Chile as BCCh likely holds rate steady- waits for growth

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