Forex News

The Chilean peso, which was one of the best performance currencies since April, fell significantly as a U.S. jobs report damped demand for risk and emergent market currencies.

The Chilean peso has been having an excellent performance since the nation’s central bank started a dollar selling program two months ago, which spurred the attractiveness for the peso, making it to break several records sequentially, but today’s U.S. negative jobs report struck markets worldwide and the most affects assets were those in emergent markets and high-yielding positions. Adding to that, Chile’s central bank affirmed that it does not rule out measures for weakening the currency, which has been constantly rallying.

USD/CLP traded at 543.05 as of 18:37 GMT, rising from 535.90 in the intraday comparison.

If you want to comment on the Chilean peso’s recent action or have any questions regarding this currency, please, feel free to reply below.

Earlier News About the Chilean Peso:

• Chilean Peso Hits Nine-Month High on Foreign-Exchange Selling Plan (2009-06-19)
• Chilean Peso Strengthens on Central Bank Policy Bets (2009-05-01)
• Chilean Peso Strengthens on Dollar Weakness (2008-12-16)
• Chilean Peso is the Worst Performing Currency (2008-07-19)
• Chilean Peso Drops as Risk Aversion Grows (2008-06-11)

This entry was posted on Thursday, July 2nd, 2009 at 7:42 pm and is filed under Chilean Peso. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.