Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Chilean Peso Strengthens as Bernanke Won’t Rule Out Stimulus

Chile’s peso appreciated as Federal Reserve Chairman Ben S. Bernanke said he wouldn’t rule out further stimulus to lower unemployment in the world’s biggest economy.

The peso gained 0.1 percent to 480.58 per dollar today. The currency opened at a one-week high of 478.8 per dollar and dropped as far as 481.17 per dollar as Bernanke’s comments were first published before appreciating again. The peso has strengthened 0.4 percent this month and is the strongest currency in the world this year, rising 8.1 percent.

Stagnation in the U.S. labor market is a “grave concern,” Bernanke said, two weeks before a meeting of the Federal Open Market Committee.

“It’s been a chaotic session,” said Cristian Donoso, a trader at Banchile Corredores de Bolsa SA in Santiago. “The market started optimistic, it turned around as Bernanke spoke and now people are thinking there might be stimulus in a few weeks.”

“The costs of nontraditional policies, when considered carefully, appear manageable, implying that we should not rule out the further use of such policies if economic conditions warrant,” Bernanke said today in a speech to central bankers and economists at an annual forum in Jackson Hole, Wyoming.

All five Chilean central bank policy makers referred to the appreciation of the peso at their Aug. 16 rate-setting meeting, minutes published today showed.

International investors in the Chilean peso forwards market had a $9.6 billion short position in the peso on Aug. 29, the central bank said today. That’s a $1 billion increase from a week earlier.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.