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Chilean Peso Gains, Trimming Weekly Loss, on Copper Price Bounce
Oct. 21, 2011 11:09AM PST
Base Metals Investing Bloomberg reported that Chile’s peso advanced after copper rose in anticipation that the eurozone’s debt crisis will be resolved soon.
Bloomberg reported that Chile’s peso advanced after copper rose in anticipation that the eurozone’s debt crisis will be resolved soon.
As quoted in the market news:
Copper, which makes up half of Chile’s exports, rose as much as 6 percent on the Comex in New York to $3.2405 a pound for December delivery.
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