Chilean Peso Down on U.S. Economic Improvement

The Chilean peso suffered with the side effects of positive reports in North America that attracted traders to purchase assets in the U.S., leaving emerging markets in a second plan for traders to invest their money, despite a considerable level of risk appetite in today’s session.

Positive U.S. data in multiple economic sectors as manufacturing and housing combined with a lower deficit in the treasury’s accounts allowed the greenback to gain sharply versus the Chilean peso, as South American assets became less attractive since investors returned to buy dollar-priced assets.

USD/CLP closed today at 529.45 from an opening rate of 525.88.

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