The main Chilean metallic export provided support for the peso to reach the highest level in 16 months versus the greenback as demand for copper is on the rise after global economies showed further signs of recovery this Monday.
Chilean Peso Posts Biggest Gains Since June
November 14th, 2009 at 1:37
The Chilean peso had the highest weekly rise in 5 months after the national central bank did not announce measures to halt the currency’s rally, leaving behind speculations that a government intervention will shun investors from the South American nation.
Chilean Peso Hits Record High on 2010 Growth Report
The commodity export driven economy of Chile is set to growth more than previously expected for the next year in a report published today that helped the national peso to reach the highest level in 2009 versus the U.S. dollar.
Chilean Peso Extends Rally on Surplus
October 07th, 2009 at 21:36
The Chilean currency was one of the few traded in foreign-exchange markets that managed to continue a rally versus the greenback, sparked yesterday by a wave of risk appetite that helped emergent market currencies to climb, today, the peso climbed on improved domestic data.
Chilean Peso Down on U.S. Economy Outlook
October 02nd, 2009 at 19:39
The United States is one of the main destination for Chilean commodity exports, and negative reports towards the end of this week coming from the U.S. affected negatively the South American currency performance.
Chilean Peso Gains on U.S. Positive Reports
September 16th, 2009 at 22:16
The Chilean peso was one of the emergent markets currencies that benefited from the latest U.S. reports which fueled high-yielding currencies rally and increased traders’ confidence to purchase riskier assets in economic regions like Latin America and the South Pacific.
Chilean Peso Declines on Metallic Commodities Demand
The Chilean peso started the week losing versus most of the 16 main traded currencies as metallic commodities, an important source of revenue for the country, declined today.
Chilean Peso Declines on U.S. Consumer Confidence
August 14th, 2009 at 20:54
The Chilean peso posted the biggest decline in August this week as consumer sentiment declined in the United States during the past month, pushing traders away from emergent market currencies.
Chilean Peso Hits One-Week Low on Copper Prices
July 23rd, 2009 at 19:57
The Chilean currency had a weakening performance today, as the copper, one of the main exports of the South American nation declined, damping demand for the peso.
Chilean Peso Climbs on Copper Price
July 17th, 2009 at 21:31
Chile’s is one of the world’s main copper producer and today this metallic commodity went up after a U.S. report, pushing the Chilean peso to higher levels as risk aversion declined among traders.
