Contact Us

Wednesday, May 3, 2023

Chile peso to hold stable as economic and political worries fade

 The Chilean peso is set for a period of stability as economic and political worries continue to fade, validating the central bank’s decision to unwind an intervention program implemented last year to calm market turmoil, a Reuters poll showed. In July last year, the peso plunged to a record low of 1,050 per U.S. dollar in reaction to a sharp drop in the price of copper, Chile’s top export, that added to concerns over a proposed reform of its market-friendly constitution.

https://wtvbam.com/2023/05/03/chile-peso-to-hold-stable-as-economic-and-political-worries-fade-reuters-poll/

No comments:

Post a Comment