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USD/CLP holds near daily pivot support at 627.60

  • USD/CLP holding on to early weakness despite USD rally in DM currencies

  • Pair holds near daily pivot support at 627.60, < eyes 10-DMA by 624.35

  • Copper rallies (+1%), weak China data adds to China stimulus sentiment 

  • Daily Stoch's/RSI move below overbought territory, US-CL yield diff converging

  • Large NY bank flow data sees leveraged names buy CLP, RM offering 

  • Market Data
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