EUR/CLP — News Archive


Chinese Default Makes Chilean Peso Worst Performer on FX Market

The Chilean peso sank yesterday, being the worst performer on the Forex market, as copper prices slumped after the news about a company default in China. It spurred fears and drove investors away from raw materials and commodity-related currencies.

Chilean Central Bank Plans More Interest Rate Cuts, Peso Weak

The Chilean peso ended yesterday’s trading session weak against the US dollar as the nation’s central bank cut interest rates and signaled about possibility of additional monetary stimulus. The currency rose a little versus the euro at the start of the current trading session.

Chilean Peso Drops vs. Dollar even as Monetary Policy Remains Stable

The Chilean peso weakened today against the US dollar even though the central bank refrained from cutting interest rates yesterday. The currency advanced versus the euro.

Chilean Central Bank Keeps Interest Rates Stable, Peso Remains Weak

The Chilean peso weakened today against the US dollar even after Chile’s central bank left its main interest rates unchanged as positive domestic fundamentals outweighed negative influence of the global economic slowdown.

Chilean Central Bank Does Not Say About Need for Weak Peso

The Chilean peso gained against the euro today as the nation’s central bank left its monetary policy interest rate unchanged and did not hint that it wants the currency to depreciate. The peso weakened against the US dollar.

Central Bank of Chile Mentions Peso, Intervention Is Coming?

Chile’s central bank mentioned the rally of the Chilean peso in its monetary policy statement, leading to speculations that the bank would expand its dollar-purchase program to weaken the appreciating currency.

Chile’s Central Bank Maintains Interest Rates

Chile’s central bank kept its main interest rate unchanged as the economic growth reduced need for an interest rate cut. The Chilean peso was flat versus the US dollar, while rose against the euro.

Chilean Peso Falls on Low Economic Activity

The Chilean peso weakened today against the euro as the industrial output and sales rose less than forecast and the mining production fell.

Chilean Peso Weakened by Turmoil on Global Markets

The Chilean peso declined today versus the euro as the global equities and the commodity prices dropped, feeling the impact of the banking troubles in Spain and the conflict on the Korean peninsula.