There’s just no saving the beleaguered Chilean peso at the moment.
The currency fell Thursday even after the central bank delivered the biggest interest rate hike in 20 years and ended a dollar purchase program, while the price of copper, the country’s top export, soared more than 2% today. The peso slid as much as 0.75%, the worst performance among 24 leading emerging-market currencies tracked by Bloomberg after the Turkish lira.
