Economics
Chilean Peso Drops to Weakest Since 2009 as Copper Prices Sink
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Chile’s peso plunged to the weakest level in three years as copper fell and investors fled emerging-market currencies.
The currency dropped 1.2 percent to 549.19 per U.S. dollar, the biggest decline in two months and the weakest close since October 2009. The Argentine peso fell 12 after the central bank scaled back intervention, leading a rout in currencies from developing nations on concern economic growth is slowing.