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MercoPress, en Español

Montevideo, November 5th 2024 - 08:09 UTC

Tag: Chile money exchange

  • Friday, July 31st 2015 - 05:33 UTC

    Dollar in Chilean Pesos climbs to its highest level since December 2008

    The strong US economy and the fall in the price of copper, because of lesser Chinese demand have weakened the Chilean peso

    The US dollar ended Thursday trading in the Chilean money exchange market at its highest since December 2008, that is 674 Pesos for the greenback. Currently and seven years ago the main reason has been the US monetary policy: the sub-prime crash in the US and fears of the debacle expanding to the rest of the world, and now growing chances of the Federal Reserve deciding on a rise of the prime rate.