Chilean Peso Extends Rally on Surplus
The Chilean currency was one of the few traded in foreign-exchange markets that managed to continue a rally versus the greenback, sparked yesterday by a wave of risk appetite that helped emergent market currencies to climb, today, the peso climbed on improved domestic data.
The Chilean peso had a second consecutive day of gains versus most of the main traded currencies as an increased risk appetite combined with a better than expected trade surplus for the month of September in national accounts attracted investors to inject capital in the South American economy.
USD/CLP traded at 553.70 as of 19:33 GMT remaining rather neutral from its opening price today.
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Earlier News About the Chilean Peso:
- Chilean Peso Down on U.S. Economy Outlook (2009-10-02)
- Chilean Peso Gains on U.S. Positive Reports (2009-09-16)
- Chilean Peso Declines on Metallic Commodities Demand (2009-08-17)
- Chilean Peso Declines on U.S. Consumer Confidence (2009-08-14)
- Chilean Peso Hits One-Week Low on Copper Prices (2009-07-23)