Tuesday, May 15, 2007

Chilean Peso Strengthens to One-Year Peak After U.S. Consumer Price Report

(Bloomberg) -- Chile's peso reached a one-year high after a U.S. government report showed consumer prices rose last month less than economists forecast, causing the dollar to drop on increased chances of lower interest rates.

``All factors today support a rise in the peso,'' said Benjamin Sierra, an economist at Bandesarrollo Administradora de Fondos, which manages pension-fund assets in Santiago.


Read more at Bloomberg Currencies News

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