The commodity export driven economy of Chile is set to growth more than previously expected for the next year in a report published today that helped the national peso to reach the highest level in 2009 versus the U.S. dollar.
The Chilean peso managed to reach the highest rate in 15 months today after the national central bank affirmed through a report that the economy may grow as much as 4.4 in the next year, indicating that the vigorous South American nation managed to recover entirely from the global slump.
USD/CLP traded at 507.25 as of 16:33 GMT from an opening rate of 512.45 today.
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