Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

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.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Chilean Peso Gains After Italy Bond Sale, U.S. Data Boost Demand

Feb. 27 (Bloomberg) -- Chile’s peso appreciated after Italy reached its target in a bond sale and U.S. data showed company spending and home sales rose faster than forecast, boosting appetite for riskier assets such as emerging-market currencies and stocks.

The peso strengthened 0.1 percent to 473.03 per U.S. dollar at the close in Santiago. The peso has traded between 472 and 475 per dollar since Feb. 20.

Italy sold 6.5 billion euros ($8.5 billion) of five- and 10-year bonds in its first auction since inconclusive election results. An index of U.S. pending home sales increased more than forecast and durable goods orders excluding transportation gear climbed the most in a year in January, helping boost U.S. stocks.

“The dollar’s weaker today because we are stabilizing after the sell-off,” said Katia Diaz, an economist at 4Cast Inc. in New York. “The peso’s ranges are getting tighter as the global market stabilizes, but given the falling copper price and the uncertainty from the Italian elections we’ll continue to trade within a range until there’s a bigger trigger.”

To contact the reporter on this story: Sebastian Boyd in Santiago at sboyd9@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net

Please upgrade your Browser

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

Chrome, Firefox, Safari, Opera or Internet Explorer.