Proposed Hedging Rule Changes May Weaken Chile Peso, Celfin Says

New rules on currency hedging for Chilean pension funds may lead to a $2.3 billion unwinding of hedges, according to a research note from Celfin Capital.

While the proposed changes may lead to short-term demand for dollars, their impact probably will be transitory, wrote Santiago-based economist Cesar Perez.

To contact the reporter on this story: Sebastian Boyd in Santiago at

To contact the editor responsible for this story: David Papadopoulos at

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