Chilean Peso Down on Central Bank Statement
The Chilean peso had a rally that set it to the highest rate in 2009 stopped after the central bank made a declaration regarding the current currency’s strength.
After touching a recording high for this year versus the U.S. dollar this week, the Chilean peso went down today after the national central bank President affirmed that interventions are not ruled out, affecting market psychologically and forcing the nation’s currency down.
USD/CLP traded at 500.75 as of 19:46 GMT from an opening rate of 492.75.
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Earlier News About the Chilean Peso:
- Chilean Peso Remains Bullish on Central Bank Statement (2009-11-18)
- Chilean Peso Breaks Another Record on Copper Rise (2009-11-16)
- Chilean Peso Posts Biggest Gains Since June (2009-11-14)
- Chilean Peso Hits Record High on 2010 Growth Report (2009-11-10)
- Chilean Peso Extends Rally on Surplus (2009-10-07)