The US dollar in the Chilean money market fell back to 480 pesos on Thursday after having reached 490 on Wednesday following on several days of gradual recovery.
Chile's Consumer Price Index soared 1.2% in May, far above forecasts (0.6%), and the highest since May 1994 (1.4%) and also the most significant monthly variation since March 2003, according to the country's Statistics Office.

Barack Obama rocked a Minnesota crowd Tuesday night, making presidential campaign history.
Brazilian president Lula da Silva during his official visit to El Salvador invited Central American nations which are grouped in the integration system, SICA, to join Mercosur and strongly promoted the use of ethanol.
Although Chilean president Michelle Bachelet and the ruling coalition are facing growing challenges for Spain's public opinion she' the most popular leader that side of the Atlantic according to the latest Latinbarometro 2007 report.
The city of Punta Arenas in the extreme south of Chile honored the memory of a Royal Navy Rear Admiral who was head of a British hydrographic expedition the first directly involved in the charting of waters in the Region of Magallanes between 1826 and 1830.

Argentina will be hosting the XXXV Mercosur summit at the end of June when the six months rotating chair or pro-tempore presidency will be passed on to Brazil.

After having formally launched last Friday the Union of South American Nations, Unasur, the region in on track to creating a Central Bank and a common currency announced this week Brazilian president Lula da Silva.
United States are driving much less forced by fuel prices, continuing a trend which began last November and has been confirmed by the latest March 2008 release from the Federal Highway Administration, FHWA.
IT has taken over 400 years but soon the Tower of London is going to get some of its guns back - at least for a while.