* The Chilean peso has reversed its downwards spiral after political party leaders in the country reached an historic agreement with President
Sebastián Piñera’s government to hold a referendum in April 2020 on the drafting of a new constitution. The announced political agreement has achieved the stabilisation of the peso, which
measures adopted by the central bank (BCCh) had failed to do. After closing the day at a record low of Cl$803/US$1 on 14 November, the Chilean peso appreciated to Cl$775/US$1 by day’s close on 15 November and remained stable over the weekend (16-17 November).
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