Wednesday, June 6, 2007

Chile's Peso Weakens Most in More Than a Week as Price of Copper Declines

(Bloomberg) -- Chile's currency fell the most in
more than a week on a decline in the price of copper, the
country's biggest export.

The peso weakened for a third straight day as a U.S.
Federal Reserve official expressed concern over the rate of
inflation. Higher U.S. interest rates make peso-denominated
assets less attractive to investors.


Read more at Bloomberg Currencies News

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