Friday, 18 May 2007

Chile's Peso Declines Amid Lower Copper Prices, Brazilian Real Strength

(Bloomberg) -- Chile's peso weakened after copper,
the country's biggest export, fell for the fourth time in the
last five trading sessions.

The peso also lost as regional traders sought to hedge
recent gains in the Brazilian currency, near a six-year high, by
buying dollars in Chile, said Julio Espinoza, an economist at
BiCE Corredores de Bolsa in Santiago.


Read more at Bloomberg Currencies News

No comments: