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Chile Peso Rises as Copper Price Gain Bolsters Trade Prospects
May. 18, 2011 11:33AM PST
Base Metals Investing Bloomberg reports that Chile’s peso strengthened against the U.S. dollar.
Bloomberg reports that Chile’s peso strengthened against the U.S. dollar.
The market news is quoted as saying:
Copper, which accounts for about half of Chile’s exports, rose as much as 2.9 percent in New York after house prices increased in 67 of 70 Chinese cities tracked by the government in April from last year. China is the world’s largest copper consumer.
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