The Chilean peso fell today as the economic data suggested that the US economy is slowing, therefore reducing demand from investors for higher-yielding, but riskier, currencies.
The Chilean peso is the currency of Chile. Its modern version replaced the old currency in 1975. The currency is supported by the view on the economy of Chile as one of the most stable in South America. Chile produces about 1/3 of world copper output; therefore prices for copper have great influence on performance of the peso.
Chilean Peso News Archive
May 17th, 2011 at 16:20
January 13th, 2011 at 14:29
The Chilean peso rose today as the inflation is expected to jump to the highest level in two years, causing the analysts to scrap forecasts that the interest rates won’t be increased.
January 05th, 2011 at 14:27
The Chilean peso dropped today most in twenty years after the central bank announced its intention to purchase $12 billion in the foreign-exchange market.
September 29th, 2010 at 13:23
The Chilean peso rose today after the report showed that the nation’s industrial production increased with fastest pace in more than four years and the retail sales grew.
September 02nd, 2010 at 12:04
The Chilean peso rose today as the outlook for the exports of the raw materials improved after the US and China reported about the better-than-expected growth of the manufacturing.
July 01st, 2010 at 11:17
The Chilean peso weakened today against the euro as the industrial output and sales rose less than forecast and the mining production fell.
May 26th, 2010 at 10:31
The Chilean peso declined today versus the euro as the global equities and the commodity prices dropped, feeling the impact of the banking troubles in Spain and the conflict on the Korean peninsula.
April 01st, 2010 at 21:16
The Chilean peso gained, cutting its losing streak, which it experienced for three weeks, on speculation that the government and insurers may start selling dollars, to pay for fixing the damage caused by the earthquake with a magnitude of 8.8 magnitude.
March 03rd, 2010 at 5:01
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.
February 18th, 2010 at 2:00
The Chilean peso suffered with the side effects of positive reports in North America that attracted traders to purchase assets in the U.S., leaving emerging markets in a second plan for traders to invest their money, despite a considerable level of risk appetite in today’s session.