Chilean Peso Down on Central Bank Statement

  November 19th, 2009 at 21:49

Chilean pesoThe 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.

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

Categories

Chilean Peso

Leave a Comment

Name Required

Email Required

Website

Comment

Archives

SUBSCRIBE

Follow Top Forex News on Twitter