Tuesday, 19 June 2007

Chile's Peso Rise on Expectations Interest Rates Will Increase Next Month

(Bloomberg) -- Chile's peso rose on expectations
the government will increase rates next month as economic growth
accelerates.

``The pressure is on the peso to strengthen,'' said John
Zalles, an analyst at Euroamerica Corredores de Bolsa SA in
Santiago. ``The expectation is that rates will increase.''


Read more at Bloomberg Currencies News

No comments: