Chilean Peso Reaches Three-Year High, Passes Intervention Level
This article is for subscribers only.
Chile’s peso rose to the strongest in three years, pushing through the level that prompted the central bank to start buying dollars, as the greenback slumped against the currencies of major U.S. trading partners.
The peso advanced 1.1 percent, the biggest gain among 25 emerging-market currencies tracked by Bloomberg, to 462.67 per U.S. dollar, the highest level since April 2008.