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USDCLP

USDCLP Buying Chilean Peso no matter what you hear about EM?Emerging Markets are weak in general, but this is one of those economies that are quite apart of the rest. A very stable country that would benefit from foreign assets stepping out from risk economies like the U.S and Europe. Unfortunately, it's quite difficult to find a broker offering this pair. Learn how to beat the market as Professional Trader with an ex-insider! Be part of an elite trading group. Last course of the year on November 13th, 2018. Have a Nice Trading Week! Cream Live Trading, Best Regards!
by wildcreamlife
8
USD/Latin American currencies poised to reboundWe have in Red (USDBRL) and Orange (USDCLP) the two strongest currency in latin american recovering from recent devaluation in a pronounced way in comparison with Dolar Index (Green). But fiscal situation in Brazil is getting worse, the political problem after impeachment of last president is to approve a series of bills to cut social expenditure like Health and Education, while continuing rolling over debt. Debt-to-GDP ratio is getting to 70% this year, in 2014 it was 55% showing significant deterioration. While Business Confident Index (BCI-OCDE) improved this year, I have no reasons to believe it will last, in my vision is more related to a psychological vision that impeachment will bring structural changes, but the new goverment don't discard raise taxes. In Chile (USDCLP) on the other hand, without impeachment, has the worst BCI in the world right now. showing the profound crises Latin American is facing. With all the majors countries in crises Mercosur business is stagnated. Time to LONG Latin American Pairs. Sources: Debt-to-GDB Brazil: BCB 2016 BCI-OCDE: data.oecd.org
Long
by Lavenderroute
3