Chilean Peso Faces Biggest Fall in 2 Months
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
USD/CLP traded at 543.05 as of 18:37 GMT, rising from 535.90 in the intraday comparison.
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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)

