Chilean Peso Strengthens as Dollar Drops Below $950 on Oil Slide, Mideast De-escalation Hopes

The Chilean peso rallied sharply, with the dollar falling to $946 intraday and closing at $948.85, down $10.40, as oil prices reacted to possible easing of Middle East tensions. The move reflects improved risk sentiment in emerging markets, though the sustainability depends on actual de-escalation in the region.