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USD/CLP holds below 10-DMA (613.53), rising copper weighs

Source: Thomson Reuters USD/CLP weak as copper rises & US yields fall, holds below 10-DMA (613.53) Supports near 609.70 Apr 9 low and then 607.92 Apr 6 low, resistance at 614.35 daily pivot Chile rate decision after clos…

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USD/CLP holds below 10-DMA (613.53), rising copper weighs
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Source: Thomson Reuters


  • USD/CLP weak as copper rises & US yields fall, holds below 10-DMA (613.53)

  • Supports near 609.70 Apr 9 low and then 607.92 Apr 6 low, resistance at 614.35 daily pivot

  • Chile rate decision after close, expected steady as inflation returns to target

  • US jobless claims/housing miss has little effect as USD was weak into data

  • Copper rallying as China FDI was up 11.3%, more Chinese stimulus expected

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