The Chilean peso rose today after the report showed that the nation’s industrial production increased with fastest pace in more than four years and the retail sales grew.
Chile’s industrial production expanded 6.9 percent in August, the biggest increase since January 2006. The industrial output dropped 17 percent after the 8.8-magnitude earthquake on February 27th and subsequent tsunami, which caused the damage equal to more than the sixth of Chileâs gross domestic product. The retail sales grew 13 percent in the last month from the previous year.
USD/CLP dropped from 486.25 to 486.15 as of 11:22 GMT today after it slipped as low as 486.05.
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