Dollar falls 10 pesos in Chile to 980 as investors readjust Latin American bets
The dollar fell 10.2 pesos to 980 in Chile early Tuesday afternoon, its lowest level of the session, according to Bloomberg. The exchange rate had started the week near 1,000 pesos while the Brazilian real depreciated at a double-digit pace after Lula da Silva's presidential victory. According to a Banco Bci trader, foreign flows sold dollars in Chile and copper rose 1% to US$6.56 per pound. The market awaits the Chilean central bank's statement and the Fed meeting.
In 40 seconds
- The Chilean dollar-peso rate fell 10.2 pesos to 980 early Tuesday afternoon, its lowest level of the day.
- The peso had depreciated to near 1,000 pesos while the Brazilian real fell at a double-digit pace after Lula da Silva's win.
- A Banco Bci trader attributed the drop to foreigners selling dollars in Chile as they unwound positions in Brazil.
IASummary generated by artificial intelligence from a story by Diario Financiero. It may contain errors: the original source prevails.




Comments
Be respectful. Comments reported by several people are hidden until a moderator reviews them.
You do not need an account to read, only to comment. Sign in with a code sent to your email or with your Google account. We only show the name you choose, never your email.