Chilean Peso Climbs After Earthquake
The Chilean peso oddly profited from a natural tragedy that impacted the country in the first night of this month, as speculations suggest that the reconstruction process in the country, will allow the country’s economy to accelerate.
The South American country is likely to repatriate reserves invested overseas to promote a quicker restructuring in the country after Chile was shook by an earthquake this weekend, allowing the peso to rank among the best performing currencies this Tuesday in forex markets.
USD/CLP closed at 519.05 this Tuesday from an opening rate of 523.25.
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 U.S. Economic Improvement (2010-02-18)
- Chilean Peso Beats Risk Aversion on GDP Growth (2010-02-06)
- 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)