Chilean Peso Down on U.S. Economy Outlook

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. The Chilean peso lost today versus most of the 16 main traded currencies as stocks and commodities declined after more than expected job cuts occurred in the United States, raising doubts on the North American economy resilience and the global slump length and depth, declining attractiveness for emergent-market currencies and consequently the peso. USD/CLP traded at 556.85 as of 17:25 GMT from an opening price of 554.95 today. If you want to comment on the Chilean peso�s recent action or have any questions regarding this currency, please, feel free to reply below.

source:forex.pk