Forex News

The Chilean peso is facing its longest losing trend in more than a year as a combination of international risk aversion with poor national economic data is causing an exodus of capital from one of South America’s most dynamic economy.

After a report was published today showing weaker-than-expected data for manufacturing productions and sales, the Chilean currency dropped for the ninth day in a row, as copper, the country’s chief-export, had the third day of straight declines in commodities markets.

USD/CLP closed at 529.75 from an opening rate of 521.95.

If you want to comment on the Chilean peso’s recent action or have any questions regarding this currency, please, feel free to reply below.

Earlier News About the Chilean Peso:

• Chilean Peso Drops After Copper Rally (2010-01-09)
• Chilean Peso Rebounds on U.S. Optimism (2009-12-24)
• Chilean Peso Down on Central Bank Statement (2009-11-19)
• Chilean Peso Remains Bullish on Central Bank Statement (2009-11-18)
• Chilean Peso Breaks Another Record on Copper Rise (2009-11-16)

This entry was posted on Thursday, January 28th, 2010 at 11:32 pm and is filed under Chilean Peso. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.