The Chilean peso had the highest weekly rise in 5 months after the national central bank did not announce measures to halt the currency’s rally, leaving behind speculations that a government intervention will shun investors from the South American nation.
After a Chilean government interest rate policy statement that did not mention that a strong peso could jeopardize the economic recovery in the country, the Chilean currency managed to extend its gains to higher levels making this week to be the sharpest 5 day winning streak since June.
USD/CLP closed the week at 502.05 from an opening rate in Friday of 507.45.
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