Chile Peso 2017, starts at 665.29

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fraggle092
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Re: Chile Peso 2017, starts at 665.29

Post by fraggle092 » Thu Feb 02, 2017 12:19 pm

Unionists at BHP's Escondida mine are on a "war footing".
They are threatening a long strike like their last big one in 2006 which lasted 25 days,if their demands are not met.

Economy minister Valdés has stated that this will have more impact on the Chilean economy that the fires had, although I guess this is an attempt to downplay the economic damage the fires will cause.

No good news so emphasize the least-bad.
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Re: Chile Peso 2017, starts at 665.29

Post by admin » Thu Feb 02, 2017 1:17 pm

then also, perhaps it is just Thursday. :lol: :shock:
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Re: Chile Peso 2017, starts at 665.29

Post by MJSaywell » Sat Feb 04, 2017 10:26 am

why did the price of copper drop down 10 cents this week,2.70 to 2.60 but the dollar kept falling its at 640 yesterday? El efecto Trump? Noticed NZ dollar is getting stronger against US too.

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Re: Chile Peso 2017, starts at 665.29

Post by admin » Sat Feb 04, 2017 10:41 pm

The dollar trump rally is at least taking a breather, if not over.

There really was nothing new economically behind it.
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Re: Chile Peso 2017, starts at 665.29

Post by at46 » Sun Feb 05, 2017 1:36 pm

USD/CLP started going down on Friday, Jan. 12th, when it lost 10 pesos per dollar. That weekend Trump said weak dollar is good for the US. I think we're still riding out the effect of that statement.

Only question is: are some Chilean operators so well connected that they know what Trump is gonna say just before he says it?

http://www.xe.com/currencycharts/?from= ... LP&view=1M
https://www.theatlantic.com/business/ar ... ll/513572/

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Re: Chile Peso 2017, starts at 665.29

Post by eeuunikkeiexpat » Sun Feb 05, 2017 1:45 pm

Seems like the latest big drop in the process also coincides with the growing war of words with Iran and Iran saying it will dump the dollar.
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Re: Chile Peso 2017, starts at 665.29

Post by admin » Mon Feb 13, 2017 1:10 pm

peso still hanging on to the at 640 and change level, in spite of some strength in the dollar.

Most likely the strike, which I find rather entertaining. They are going to go on strike, while everyone is normally on vacation. Guess if they keep it up, driving the price of copper up, eventually the company will be sufficiently flush with cash they will be able to pay the workers the bonus they are asking for of 25 million pesos.
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News from the most important port in Chile

Post by eeuunikkeiexpat » Fri Mar 03, 2017 2:51 pm

San Antonio Terminal Internacional (STI) will layoff 66 workers. This is definitely a warning shot that the crunch internationally is affecting Chile more directly. Will be watching rental rates and other evidence of impact in the coming months.
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Re: Chile Peso 2017, starts at 665.29

Post by admin » Mon May 08, 2017 12:33 pm

well, peso is taking a nice run today

677.317
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Re: Chile Peso 2017, starts at 665.29

Post by ghibli » Mon May 08, 2017 1:48 pm

Yes, it is pleasing to see the $ up versus CLP, but I wonder about the UFs which continue to rise. It would seem that
the chile economy is trending toward static, if not frankly deflationary, which one would think would cause a down trend in UFs. Is the UF a game/game-able? I notice that there are UFs futures. Can some one explain?
Thanks ever so and cheers.

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Re: Chile Peso 2017, starts at 665.29

Post by admin » Mon Aug 28, 2017 4:20 pm

Well after long period of relative stability in the 660 land, 628 pesos to the dollar today.
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Re: Chile Peso 2017, starts at 665.29

Post by Jamers41 » Mon Aug 28, 2017 4:59 pm

You won't hear me complaining :D

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