2012.06.08 15:25:20 *Finning To Raise C$125 Mln From 30-Year Bond Issue

By Graciela Ibanez The Chilean peso is trading 1% weaker against the dollar Friday as hopes for a new monetary stimulus coming from the U.S. or Europe vanished. The peso was recently trading at CLP505.65 versus Thursday's close of CLP500.60. The peso had been trading stronger this week on expectations that the Federal Reserve and the European Central Bank would take moves to stimulate the U.S. and the euro-zone's economies, respectively. However, those expectations faded away and emerging-market currencies, such as the peso, decline sharply Friday. "The market hoped the central banks would do something to stimulate the economy," said Hernan Jimenez, an analyst at Forex Chile. As the U.S. and the euro-zone are among Chile's main trading partners, the peso often looks at U.S. and European developments for direction. In Chile, the May consumer price index remained unchanged for the month, against analysts' expectations it would post a small increase of 0.2%. With the May CPI unchanged, the Chilean central bank is unlikely to take action regarding the interest rate, currently at 5%, analysts say. "In this scenario, the peso would move on international news coming from Europe, the U.S. or China," Mr. Jimenez said. (Peso quotes provided by Valor Futuro newswire) Write to Graciela Ibanez at graciela.ibanez@dowjones.com (END) Dow Jones Newswires June 08, 2012 09:31 ET (13:31 GMT)