Chile Peso Falls Most in 20 Months as Copper Leads Metals Drop
- Slowing growth in China is undermining demand for copper
- Fed holding rates failed to calm markets for riskier assets
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Chile’s peso sank the most since January 2014 as the country’s principal export, copper, led declines in metals.
The peso fell 1.7 percent to 696.15 per U.S. dollar as of 10:54 a.m. in Santiago. Copper which accounts for almost half Chile’s exports, has fallen 5.7 percent in the past four sessions.