USD/CLP: Chilean peso may be oversold at current levels – Wells Fargo – by MSalordFX Chile Currencies Banks
rency could be oversold. They see a potential appreciation ahead for the Chilean peso of around 6% in the short term. “Our analysis reveals the Chilean peso may be oversold at current levels. In fairness, the Chilean peso has rightfully come under pressure. Copper prices have dropped significantly, and given Chile's reliance on copper, the drop in prices has spilled over onto the currency.
“As policymakers step up policy tightening and intervention efforts, the currency can rebound back toward the upper bound of its potential depreciation range. In that sense, we believe the Chilean peso can rally 6% in the short-term.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
USD could peak by the first quarter of 2023 – Wells FargoThe US Dollar hit a fresh 20-year high on Thursday versus the euro and the yen. Analysts at Wells Fargo, continue to forecast dollar strength over the
Weiterlesen »
US: Upward pressure on core goods prices is an unwelcome development for the Fed – Wells FargoThe US Consumer Price Index rose in June by 9.1% compared to the previous year, the highest rate since 1981. The number was above the 8.6% reading of
Weiterlesen »
Wells Fargo Profit Falls as the Bank Sets Aside Funds for Bad Loans, Company's Shares Drop 3%Wells Fargo is the most mortgage-dependent of the six biggest U.S. banks. Sharply higher interest rates are expected to curtail purchase and refinance activity.
Weiterlesen »
USD could peak by the first quarter of 2023 – Wells FargoThe US Dollar hit a fresh 20-year high on Thursday versus the euro and the yen. Analysts at Wells Fargo, continue to forecast dollar strength over the
Weiterlesen »
Stock futures rise slightly as Wall Street awaits more major bank earningsInvestors are expecting bank reports Friday from Wells Fargo and Citigroup.
Weiterlesen »
Friday's trading: 5 things to knowTraders will be concentrating on even more bank earnings on Friday including results from Citigroup and Wells Fargo.
Weiterlesen »