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FOREX-Dollar advances driven by stabilization of Treasury bond yields

Bloomberg

World Stock Markets Advance; Dollar falls: Chile Today

(Bloomberg) – European stocks rise and the euro falls after the ECB said it will maintain a flexible monetary policy for as long as necessary. S&P 500 futures advance, Treasuries rise and the dollar maintains losses after two Fed officials ruled out the possibility of reducing bond purchases in the short term. Emerging market currencies rise for the second day. Copper continues to rise. At 10 a.m. the Chamber of the Chamber of Deputies would vote on the project that allows an early withdrawal of annuity pensioners. The government reported 3,238 new cases of coronavirus in Chile on Tuesday, reaching a total of 649,135. There were 20 new deaths, reaching 17,182 in total. The peso weakened 0.8% to 726.67 per dollar. S&P IPSA advanced 1%, with SQM leading earnings (+ 5%); Read here Inside Andes, other FX columns and Chile Renta Fija weekly newsletter. All events in local time. At 7:18 am, this was the performance of the main indices: 10-year Treasury Yield -0.7bp to 1.12% EUR -0.2% vs USD to 1.2182 Active copper contract + 0.3% to $ 3.618 WTI crude futures + 0.2% to $ 53.31 Bloomberg Commodities Index + 0.4% S & P 500 Futures + 0.1% STOXX Europe 600 + 0.2% Shanghai SE Composite -0.3% INTERNATIONAL: Mike Pence dismissed the idea of ​​removing Donald Trump from office, assuring that a resolution passed by the House urging him to do so under Amendment 25 will not result in The House would proceed to an impeachment vote today For his part, Donald Trump rejected responsibility for last week’s deadly riot Mitch McConnell is also leaning towards convicting Trump in the Senate, Axios reported Coronavirus: More than 30.5 million vaccines have been administered in the world Germany’s ruling coalition is moving to restrict the ll Arrived from countries where potentially more dangerous virus mutations have been detected, while Austria could extend its third quarantine Japan will expand the state of emergency beyond Tokyo, encompassing an area that represents more than half of its economy. Joe Biden will seek a deal with Republicans on another round of stimulus over the virus, rather than trying to push a package without their support US deaths hit a record 4,610 on Tuesday Two Fed officials downplayed the idea of ​​reducing asset purchases this year, putting them at odds with some colleagues “We want to overcome the pandemic and see where the dust settles, then we will be able to think about where to go with balance sheet policy,” James Bullard told WSJEric Rosengren agreed and said that purchases will continue until the economy is on a more solid footing NEWS: President of Chile Piñera begins quarantine a preventive Moderate Chile would win 1/3 of the convention seats: Eurasia Chile’s economists raise 2021 GDP projection: Central Bank Enel Generación Chile suspends operations Bocamina 2 due to strike Latam asks for more time to present reorganization plan: DFL Third shipment of Pfizer vaccine arrives: Arrived 88 thousand new doses: EmolSalud would begin to vaccinate the elderly from next week: Third TO BE PENDING: In Chile: January 14: EnadeInternacional: 9:00 am: US MBA mortgage applications January 8; w / o, prior 1.7% 10:30 am: US Dec CPI, m / m est. 0.4%, previous 0.2%; a / a est. 1.3%, previous 1.2% 12:30 pm: US crude inventories January 8; its T. -3m brls, earlier -8m brls 4:00 pm: Fed publishes Beige Book Fed Agenda: 11:30 am: Bullard (St. Louis) speaks 11:30 am: Kashkari (Minneapolis) speaks at economic conference 3:00 pm: Governor Brainard speaks on economic outlook 4:00 pm : Harker (Philadelphia) talks about the economic outlook 5:00 pm: Vice President Clarida talks about the new Fed framework Relevant agendas: South America USA Mexico Brazil Europe COMMENT: The possibility of higher fiscal spending with Democrats taking control of the US Senate. positively impacts emerging markets and commodities, said Humberto Mora, investment strategist at Fynsa Commodities stocks, and mainly SQM, have had an additional boost due to support for Joe Biden’s green agenda Fynsa favors the commodities sector, banks and retail, given the momentum of underlying prices (copper, lithium, iron and cellulose); and fiscal transfers and pension withdrawals that support the recovery of consumption and inflation 2021 IPSA target of 4,900 points The magnitude of the monetary and fiscal stimuli, the fall in interest rates, discounted valuations, the weakening of the dollar at a global level and the recovery Commodity prices offer some compensation Higher copper prices “are here to stay” Progress in the vaccination process in Chile should be taking on a greater role than the increase in covid-19 cases Despite massive unconventional measures implemented by the Central Bank, it still sees significant slack to react to exceptional circumstances CLOSURE: EXCHANGE RATE: CLP -0.8% to 726.67 per dollar COUNTRY RISK: stable at 49 base points CLP vs 2-year Chamber stable at 0.78% UF vs Chamber 2 years stable at -2.13% BTP rate 2030 + 4bp to 2.72% BTU rate 2026 -3bp to -1.19% Breakevens of inflation to 2 years stable at 2.968% For more articl en like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source. © 2021 Bloomberg LP

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