Chile peso strengthens over 1pc in wake of Fed

14 Sep, 2012

 

The currency has appreciated more than 10 percent this year against the US dollar, sparking market talk the central bank could launch another foreign exchange intervention to stem further strengthening.

 

But bank president Rodrigo Vergara said last week that existing "worry" over the strong Chilean peso did not yet warrant intervention.

Copyright Reuters, 2012

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