Chilean Peso Down on U.S. Economy Outlook

  October 02nd, 2009 at 19:39

Chilean pesoThe United States is one of the main destination for Chilean commodity exports, and negative reports towards the end of this week coming from the U.S. affected negatively the South American currency performance.

The Chilean peso lost today versus most of the 16 main traded currencies as stocks and commodities declined after more than expected job cuts occurred in the United States, raising doubts on the North American economy resilience and the global slump length and depth, declining attractiveness for emergent-market currencies and consequently the peso.

USD/CLP traded at 556.85 as of 17:25 GMT from an opening price of 554.95 today.

If you have any questions, comments or opinions regarding the Chilean Peso, feel free to post them using the commentary form below.

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