Chile Forum

Apparently in recent days there have been a lot of dollars for sale on the local market due to investment funds adjusting their positions given the expectation that Chilean interest rates will remain the same this month instead of being cut, after last month's higher-than-expected inflation figures. Yesterday I think EMOL noted that the peso was moving against the fundamentals (Euro & copper?). Today those were up and there was a wave of general BS market optimism after Spain's bond sales, but it's not clear that any of this amounts to a real trend. I'm not claiming that the dollar is solid (far from it), but it could be a blip.

James.