Chilean Peso’s Sudden Strength Jolts Currency Markets as Dollar Retreats

Data from the Chilean peso market this morning shows a sharp reversal in fortunes for the dollar, as the USD/CLP pair trades near 943.5, its lowest level in over a month. This move follows a dramatic slide from Monday’s close at 961.7 and Tuesday’s 952.5, culminating in Wednesday’s finish at 942.7. The peso’s rally has […]