Thursday, July 19, 2007

Chilean Peso Rises to 18-Month High on Surge in Chinese Economic Growth

(Bloomberg) -- Chile's peso rose to an 18-month
high against the dollar as an acceleration in Chinese economic
growth fueled speculation that demand for copper, the South
American country's biggest export, will keep rising.

The peso strengthened 0.7 percent to 513.1 pesos per U.S.
dollar at 12:34 p.m. in New York. It's the peso's biggest gain
since Jan. 11. The peso has advanced almost 4 percent this year.


Read more at Bloomberg Currencies News

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