Chile has joined the “currency wars” with a hefty $12bn war chest. Traders, for the moment, are in retreat. The peso weakened by 4 per cent early on Tuesday after the central ...

Chile's peso CLP= fell by 1.8% to a record low of 992.6 against the dollar as prices of its top export copper shed 2%, while oil-exporter Colombia's peso COP= also sank to an all-time low of 4506. ...

The peso has risen 6.5 percent from a low point the week before the Dec. 17 election, bidding at 614 pesos per dollar and settling at its strongest level in 2-1/2 years.