Chilean Peso Faces Biggest Fall in 2 Months

The Chilean peso, which was one of the best performance currencies since April, fell significantly as a U.S. jobs report damped demand for risk and emergent market currencies.

The Chilean peso has been having an excellent performance since the nation’s central bank started a dollar selling program two months ago, which spurred the attractiveness for the peso, making it to break several records sequentially, but today’s U.S. negative jobs report struck markets worldwide and the most affects assets were those in emergent markets and high-yielding positions. Adding to that, Chile’s central bank affirmed that it does not rule out measures for weakening the currency, which has been constantly rallying.

USD/CLP traded at 543.05 as of 18:37 GMT, rising from 535.90 in the intraday comparison.

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