Chile peso sinks to 4-month low on Greece fears, copper

SANTIAGO: Chile's peso ended sharply weaker on Tuesday at a four-month closing low as political turmoil in Greece stoked fears of a euro zone exit as well as falling prices for main export, copper.

The peso closed 1.42 percent weaker to bid at 499.30 per dollar, its lowest close since Jan. 13, extending losses after falling 1.08 percent on Monday.

 Tuesday's losses were driven by stop-loss trades to cover short dollar positions, traders said.