Chilean Peso Declines as Copper Drops on China Economic Concern
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Chile’s peso fell as copper dropped amid speculation demand will slow in China, the world’s biggest buyer of the metal.
The peso dropped 0.4 percent to 474.75 per U.S. dollar at the close in Santiago, extending its weekly decline to 0.5 percent. The currency has traded in an intra-day range of 467 to 476 per dollar for more than a month.