Chilean Peso Falls as US Economy Reduce Risk Appetite

The Chilean peso fell today as the economic data suggested that the US economy is slowing, therefore reducing demand from investors for higher-yielding, but riskier, currencies.

The economic report showed that the US housing market and manufacturing industry slowed last month. The global economy also doesn’t provide reasons for optimism. The Thomson Reuters/Jefferies CRB Index of raw materials fell for the third consecutive session. Stocks also declined.

USD/CLP rose from 471.4500 to 473.2500 as of 16:20 GMT today, following the advance to 475.9500.

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