USDCLP Buying Chilean Peso no matter what you hear about EM?
Updated
Emerging Markets are weak in general, but this is one of those economies that are quite apart of the rest. A very stable country that would benefit from foreign assets stepping out from risk economies like the U.S and Europe.
Unfortunately, it's quite difficult to find a broker offering this pair.
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Unfortunately, it's quite difficult to find a broker offering this pair.
Learn how to beat the market as Professional Trader with an ex-insider!
Be part of an elite trading group. Last course of the year on November 13th, 2018.
Have a Nice Trading Week!
Cream Live Trading, Best Regards!
Comment
Not being funny, that currency looks very nice against the dollar. Do not forget if we see an important slowdown or recession in the U.S. then the money tends to go to emerging markets. Keep in mind the equity market performance returns between slowdown and recession in EM is about 59%, while in the world excluding the U.S. is about 32%. Good Luck!
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