The Chilean peso was one of the emergent markets currencies that benefited from the latest U.S. reports which fueled high-yielding currencies rally and increased traders’ confidence to purchase riskier assets in economic regions like Latin America and the South Pacific.
Several reports led speculators to believe that the U.S. economy is already in a recovery path, helping the Chilean peso to grow significantly, since the price of copper, the main Chilean commodity export rebounded, at the same time as traders returned to purchase riskier assets in the South American nation.
USD/CLP traded at 545.65 as of 20:13 GMT from an opening rate of 552.32 today.
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