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USD/CLP holds by Fib resistance near 624, CB holds neutral bias, favors USD

USD holding on to post-US ISM gains, market shrugs off PCE weakness USD/CLP resistance at 623.9- 61.8% Fib above eyes 76.4% Fib at 631.33 UST long-end yields rise, US 10-yr +7bps/30-yr +8.5, curve steepens BCCh mins: May…

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  • USD holding on to post-US ISM gains, market shrugs off PCE weakness

  • USD/CLP resistance at 623.9- 61.8% Fib above eyes 76.4% Fib at 631.33

  • UST long-end yields rise, US 10-yr +7bps/30-yr +8.5, curve steepens

  • BCCh mins: May rate hold unanimous, CB holds neutral bias, favors USD

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