USDCLP correlation between parity and price of Copper

Long

U.S. DOLLAR / CHILEAN PESO (FX_IDC:USDCLP)

FX_IDC:USDCLP U.S. DOLLAR / CHILEAN PESO

Copper USDCLP

copper usdclp

As the dollar strengthens internationally copper demand and cost factors boost the price down, Chilean peso continues to depreciate against the dollar. (Ceteris paribus: no surprises regarding movements of the rates by the Central Bank)

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