BENGALURU: Chilean and Colombian currencies outpaced their Latin American peers on Monday, tracking higher copper and oil prices as demand prospects improved after US President Donald Trump signed a coronavirus relief package.
Trump late on Sunday signed the $2.3 trillion relief and spending bill, restoring unemployment benefits to millions, after backing down from a fight with lawmakers that could have shut down the federal government.
Chile's peso added 0.6% to the dollar. The country is the world's largest exporter of copper.
MSCI's basket of Latin American currencies dropped nearly 0.7% while stocks edged higher in subdued holiday trade.
Brazil's real fell 1.2%, while the Mexican peso fell 1%.
Mexico's peso dropped after its government issued new regulations to limit the ability of private companies to import fuel, according to a weekend decree, fanning concerns that the move may unduly benefit national oil company Petroleos Mexicanos (Pemex).
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