Monday, July 9, 2007

Chile Peso Rises to 7-Week High on Expectations Central Bank to Lift Rates

(Bloomberg) -- Chile's peso strengthened to a seven-
week high on expectations the central bank will raise interest
rates this week for the first time in a year.

The peso also gained as the price of copper, the country's
largest export, rose to a two-month high as workers at Chile's
third-largest mine producing the metal plan to go on strike.


Read more at Bloomberg Currencies News

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