Chilean Peso Falls on Low Economic Activity

The Chilean peso weakened today against the euro as the industrial output and sales rose less than forecast and the mining production fell.

Industrial sales grew 0.5 percent compared to the previous year, while the median forecast was 3.1 percent. Industrial output rose 4.2 percent, compared to the predicted 4.7 percent. The less-then-expected economic activity together with the concern for the global economy dragged down the peso.

EUR/CLP traded near 671.5200 as of 9:13 GMT today after it opened at 668.2250.

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