9:28 EDT - Chilean peso trades stronger against the US dollar,
tracking the euro on higher expectations for fresh stimulus from the
Federal Reserve after weak retail sales in the US. "The idea of a QE3
persists," says Francisco Schneider, head of foreign exchange at
Celfin Capital. Since the US is one of Chile's main trading partners,
the peso often looks at US developments for direction. Peso recently
trading at CLP502.05 vs yesterday's close of CLP504.60, according to
Valor Futuro newswire. (graciela.ibanez@dowjones.com)
Call us at (212) 416-2181 or john.shipman@dowjones.com
(END) Dow Jones Newswires
June 13, 2012 09:28 ET (13:28 GMT)
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