USD/CLP: Potential to test 800 again – Credit Suisse

Economists at Credit Suisse think that Chilean peso has room to perform in coming weeks – they target 800 in USD/CLP.

Valuations remains attractive

“We think that CLP has room to perform in coming weeks driven by attractive valuations, high carry and a good technical position.” 

“Valuations remains attractive while from a positioning standpoint foreign investors seem to be short CLP.”

“we think the USD/CLP has the potential test again the 800 level.”