Wednesday, June 27, 2007

Chile's Peso Weakens a Fourth Day on Lower-Than-Expected Industrial Output

(Bloomberg) -- Chile's peso dropped for a fourth
day after the country's industrial production grew less than
expected and copper fell.

Industrial production rose 3 percent in May from a year
ago, lower than the 4.9 percent median forecast from 11 analysts
in a Bloomberg survey. Copper, the country's biggest export,
fell on concern of slowing growth in the U.S., the world's
second-largest consumer of the metal.


Read more at Bloomberg Currencies News

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