Chilean Peso Extends Rally on Surplus

  October 07th, 2009 at 21:36

Chilean pesoThe 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.

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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Chilean Peso

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