Chile’s Peso Holds Firm As Stocks Stabilize After A Volatile Global Rates Jolt
Key Points
- USD/CLP held near 910.6–910.8 as the dollar softened after a benign U.S. inflation print.
- The IPSA rose 0.59% to 10,194.26, ending a three-session slide as buyers returned to large caps.
- DXY steadied around 98.5 after Japan lifted rates to 0.75%, keeping the global FX reset orderly.
Chile’s peso opened Friday steady near 910.6 per $1 after a whippy Thursday that saw USD/CLP trade about 917.92 at the high, 907.83 at the low, and 910.62 into the close on daily charts.
The Central Bank’s “dólar observado” reference was 914.99 for Dec. 19, which can differ from live spot because it is calculated from prior banking-day transactions.
The macro impulse came from the United States. November CPI undershot expectations at 2.7% year-on-year, with core inflation at 2.6%, reviving talk of additional easing in 2026 and lifting risk appetite.
Still, desks cautioned against over-reading one report. Pepperstone strategist Michael Brown said a number this low can raise questions about data quality while recent reporting disruptions are still being digested.
Overnight, the Bank of Japan’s move to 0.75% underscored that global policy is not moving in a single direction. With DXY steadier, the peso’s gains stayed incremental rather than explosive.
Chile’s domestic backdrop remains comparatively orthodox: the central bank has cut its policy rate to 4.5% and projects 2.4% growth in 2025 and 2.0%–3.0% in 2026, with investment improving.
Copper’s strength helps, though metals desks caution prices can stay choppy into year-end. On equities, the S&P IPSA finished at 10,194.26, up 0.59%, with roughly CLP 200 billion in turnover.
LATAM Airlines led trading value. Top gainers were Parque Arauco (+4.46%), Iansa (+3.57%), Blumar (+3.56%), Embonor-B (+3.51%), and Cementos (+2.99%).
The biggest decliners were Socovesa (−5.34%), Cristales (−3.63%), Provida (−3.27%), Manquehue (−2.55%), and Las Condes (−2.54%). Offshore, the ECH Chile ETF traded about 892,682 shares and held about $1.01 billion in assets.
Technically, USD/CLP momentum remains weak (RSI mid-30s), with support near 910 and resistance around 914–915 and 923–924. The IPSA trend remains constructive but cooling, with resistance near 10,230 and support near 10,030.
Live Market IntelligenceChile — Live Market Board
Rio Times · Live Market Intelligence
Chile — Live Market Board
-1.16%
188,268.59
+1.42%
64,106.82
-1.09%
11,238.63
-1.16%
3,157,852
+1.53%
2,626.71
+1.65%
60,702.89
-2.19%
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| IPSA | 11,238.63 | -1.16% | — | 11,370.12 | 11,210 | 10,984 | 1,513,213,483 |
| USD/CLP | 913.98 | +0.04% | -5.67% | 913.65 | 915.11 | 906.68 | — |
| COPPER | 6.61 | +0.03% | +46.70% | 6.61 | 6.71 | 6.61 | 39,543 |
| SQM-B | 65,305 | -0.84% | +49.03% | 65,860 | 66,949 | 64,978 | 76,539 |
| COPEC | 5,964 | -1.09% | -11.70% | 6,030 | 6,100 | 5,960 | 634,331 |
| BSANTANDER | 78.37 | -2.28% | +35.94% | 80.20 | 81.69 | 78.34 | 36,288,711 |
| FALABELLA | 6,334 | -1.48% | +23.28% | 6,429 | 6,450 | 6,300 | 26,085,814 |
| ENELAM | 87.09 | +0.10% | -10.13% | 87.00 | 87.40 | 86.50 | 13,106,417 |
| CENCOSUD | 1,946 | -2.19% | -35.30% | 1,990 | 2,010 | 1,945 | 966,528 |
| CMPC | 1,020 | -1.96% | -29.10% | 1,040 | 1,050 | 1,015 | 3,526,677 |
| BANCO CHILE | 184.96 | -1.01% | +32.87% | 186.85 | 189.99 | 184.33 | 18,101,240 |
| LATAM AIR | 24.08 | -1.11% | +16.61% | 24.35 | 24.59 | 23.88 | 573,612,753 |
| SOUTHERN COPPER | 193.97 | -0.26% | +104.01% | 194.48 | 199.36 | 192.59 | 367,102 |
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