LatinNews Regional Monitor: Brazil & Southern Cone - 13 November 2019

* The Chilean peso has sunk to a historic low, trading at Cl$781/US$1 yesterday (12 November). The drop in the value of the peso comes on the heels of a nationwide general strike, the continued protests in the country that have now entered their fourth week, and political tensions over the possibility of a new constitution. The currency slump prompted Chile’s central bank (BCCh) to release a statement saying it is monitoring the situation and that it has the tools to intervene if necessary. The peso’s fall was accompanied by a drop in the country’s stock market, whose main index, the IPSA, collapsed 3.6% before picking up after the BCCh statement and closing the day on a 1.63% drop. 

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