Corporate foreign exchange news

Published by Jamie JemmesonTrading in Chile's peso is likely to be affected by the publication of industrial production figures later today (December 30th).A median survey of 11 economists carried out by Bloomberg forecasts that the figures from the national statistics institute will show an annual decline of two per cent in industrial output during November, down from a 6.6 per cent contraction in October.Meanwhile, a survey of eight economists conducted by the news group suggested that Brazil had a budget surplus of 12.6 billion reais in November, down from a 13.8 billion surplus in October.Brazil's real has been the world's top performing currency in 2009, having gained more than a third on forex markets during the year. Many analysts are expecting further appreciation in 2010.Looking to other South American markets, Bloomberg reported that Colombia's ten per cent bond due December 2024 remains little changed at 8.5 per cent this morning, while Peru's 8.6 per cent bond maturing August 2017 dropped one basis point to 5.08 per cent.For more information on foreign exchange treasury services and risk management, visit our Corporate FX site