CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Breaking News: Chilean Peso surges as central bank intervenes on FX market

12:04 29 November 2019

Chilean peso is surging at the open and is the best performing EM currency today. The move is a response to yesterday’s announcement from the Central Bank of Chile that it will intervene on the FX market to prevent further depreciation of the currency. Industrial production data from the country was released at 12:00 pm GMT and it showed a decline of 3.4% YoY while market expected a decline of 6% YoY. It should be noted that social unrest started in mid-October therefore the data reflects half a month of protests and their damage on the economy. As one can see, the impact of the unrest is not as big as markets feared.

USDCLP opened over 3% lower on Friday. The pair trades lower as investors are delighted to see industrial production declining less than expected and central bank taking action on the FX market. Source: xStation5

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