Barclays
FX Outlook 2026: Navigating the Turn
LIVE28 November 2025USD bearish
Back to CurrenciesBullish
USD/CLP
CLP to benefit from copper demand driven by green transition. Political transiti
Key Drivers
Copper demand
Political transition
Narrow CAD
Portfolio repatriation
All Firm Targets (Dec '26)
JPMBullish870.00
Analysis Summary
CLP to benefit from copper demand driven by green transition. Political transition to market-friendly administration in 2026 is a catalyst. Solid macro fundamentals with narrow current account deficit support.