Friday, June 29, 2012

Reuters: US Dollar Report: Chile peso jumps 1.68 pct on EU deal, biggest gain in 7 mths

Reuters: US Dollar Report
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Chile peso jumps 1.68 pct on EU deal, biggest gain in 7 mths
Jun 29th 2012, 17:40

SANTIAGO, June 29 | Fri Jun 29, 2012 1:40pm EDT

SANTIAGO, June 29 (Reuters) - Chile's peso on Friday posted its biggest daily percentage gain since November 30 against the U.S. dollar after euro zone leaders agreed to let their rescue fund inject aid directly into ailing banks from next year and intervene in bond markets to support troubled member states.

The peso ended a preliminary 1.68 percent stronger against the dollar, boosted by surging prices for top export copper, which were recently 4.77 percent higher at a one-month high on the back of the European leaders' agreement.

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