'on firm dollar stocks, the Chile peso sinks'

on firm dollar stocks, the Chile peso sinks

11/24/09 06:58

Chile's peso had ended as being slightly weaker on Friday, recovering from steep losses of earlier, as traders sold U.S. dollars in order to lock profits in. This was while, on a brighter market outlook, stocks had shot up in late trading.

From 0.1 percent to 501.20/501.70 per dollar did the Peso fall, and this was after it had fallen sharply on wider dollar strength, as well as on global stock losses.

At 500.70/501.20 on Thursday did the peso close. This event had posted its biggest daily drop in about seven months.

Link: Chile peso sinks on firm dollar, stocks up | Sto

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