Tuesday, August 7, 2012

Reuters: US Dollar Report: Chile cenbank President sees volatile peso in coming months

Reuters: US Dollar Report
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Chile cenbank President sees volatile peso in coming months
Aug 7th 2012, 15:52

SANTIAGO | Tue Aug 7, 2012 11:52am EDT

SANTIAGO Aug 7 (Reuters) - Chile's strong peso, which is trading near six-month highs, is likely to remain volatile in coming months, Central Bank President Rodrigo Vergara said on Tuesday, citing prices for main export, copper, and international financial turmoil.

"The volatility we have seen (in the peso) is the result of external volatilities, and I think it is probable we will continue to see volatility in the months ahead," Vergara told a business forum.

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