Chilean markets and investors did not like Sunday's election results: the Peso currency and benchmark IPSA stock index fell on Monday after market-friendly presidential candidate Sebastian Piñera garnered less support than expected in the country's election.
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.