Chilean Peso Gains, Trimming Weekly Loss, on Copper Price Bounce

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.

Click here to read the full Bloomberg report