Showing posts with label 30.Chilean Peso Posts Biggest Gains Since June. Show all posts
Showing posts with label 30.Chilean Peso Posts Biggest Gains Since June. Show all posts

Wednesday, November 18, 2009

Chilean Peso Posts Biggest Gains Since June

Chilean pesoThe 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.
After a Chilean government interest rate policy statement that did not mention that a strong peso could jeopardize the economic recovery in the country, the Chilean currency managed to extend its gains to higher levels making this week to be the sharpest 5 day winning streak since June.
USD/CLP closed the week at 502.05 from an opening rate in Friday of 507.45...link