Chile Peso Reaches Two-Month High on Copper, Carry-Trade Demand

Chile Peso Reaches Two-Month High on Copper, Carry-Trade Demand: “The market is focused on fundamentals,” said Alejandro Araya, a trader at Banco Santander Chile in Santiago. “Chile offers an attractive yield compared with rates worldwide. With copper now rebounding, this could go to 480 per dollar.” The peso has ...