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USD/CLP drifts lower, US data misses weigh on the peso

  • USD/CLP edges lower after US IP data underwhelms, U Mich disappoints

  • Light support by 592.30 Nov 21 low, then 592.05 Nov 4 low, 573.95 Nov 3 low, resistance at 596.89 daily pivot

  • Weak data likely delays US liftoff, suits BCCh as growth remains a concern

  • Chilean inflation above upper limit, BCChs Vergara expects to hike late '15/early '16

  • Chilean hikes with US to keep yield diff with US steady, 5-year at +281bps

  • Market Data
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