Day: May 1, 2009

May 1
2009

Chilean Peso Strengthens on Central Bank Policy Bets

The Chilean currency continues its six-month bullish trend as copper price goes up and the national bank is expected to cut interest rates to improve the economy. In the second semester of the past year, the Chilean currency had a severe devaluation when the global slump scenario was confirmed, but since December, and despite the current problematic economic situation in the country, the peso […]

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May 1
2009

Yen Weakens on U.S. Economy Recovery Speculations

The yen had a week of losses against the euro and the dollar, as the first signs of economic recovery appear in China and in the U.S. The dollar rose against the yen after Chrysler LLC filed for bankruptcy and will ally the Italian Fiat SpA with the investment of federal funds, as President Barack Obama confirmed this Thursday. The euro has posted […]

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