Chilean Peso Extends Rally on Surplus

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. The Chilean peso had a second consecutive day of gains versus most of the main traded currencies as an increased risk appetite combined with a better than expected trade surplus for the month of September in national accounts attracted investors to inject capital in the South American economy. USD/CLP traded at 553.70 as of 19:33 GMT remaining rather neutral from its opening price today.