Forex News

The Chilean peso was the best performing currency among the commodity-linked ones in foreign-exchange markets this Friday as a positive economic report in the South American nation allowed the peso to gain versus multiple main currencies including the U.S. dollar, despite strong risk version in trading markets today.

After a report published today indicating that the Chilean economy expanded almost 4 percent in December compared to the same month one year earlier, the peso reverted a negative trend versus the U.S. dollar that lasted during most of the week and advanced despite strong risk aversion that affected the copper rates, Chile’s main commodity export.

USD/CLP closed at 541.60 from an opening rate of 544.18 this Friday.

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 Down on Manufacturing Data (2010-01-28)
• 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)

This entry was posted on Saturday, February 6th, 2010 at 1:28 am 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.