Chile President Pinera says looking closely at peso's strength
SANTIAGO Jan 17 (Reuters) - Chilean President Sebastian Pinera said on Thursday the government was looking closely at the peso currency's strength, which has gained more than 8 percent against the dollar since the beginning of last year.
Pinera added that the central bank had the tools to intervene in the currency exchange market, but it had to look at the peso's long-term fundamentals versus the U.S. dollar.
The peso, which ranked among the strongest foreign currency performers last year against the U.S. dollar among 152 currencies tracked by Reuters, has been boosted by Chile's brisk economic growth and healthy prices for top export copper .
It was trading at around 473.30 per dollar early on Thursday, up around 0.3 percent from Wednesday.
- Malaysia Airlines plane missing, presumed crashed in South China Sea |
- China draws red line' on North Korea, says won't allow war on peninsula
- No signal picked up from missing Malaysia Airlines plane-Vietnam official
- Malaysian plane crashed off Vietnam coast: state media