Chilean Peso Down on Manufacturing Data

The Chilean peso is facing its longest losing trend in more than a year as a combination of international risk aversion with poor national economic data is causing an exodus of capital from one of South America’s most dynamic economy.

After a report was published today showing weaker-than-expected data for manufacturing productions and sales, the Chilean currency dropped for the ninth day in a row, as copper, the country’s chief-export, had the third day of straight declines in commodities markets.

USD/CLP closed at 529.75 from an opening rate of 521.95.

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