Chilean Peso Strengthens as Copper Rebounds, Dollar Drops Below 990 CLP

The Chilean peso appreciated against the US dollar, with the exchange rate falling from above 1,000 CLP to a low of 979.45 before settling around 984.93. The move is attributed to a strong recovery in copper prices and positioning ahead of the central bank's rate decision. The sustainability of the peso's gains depends on the central bank's policy stance and continued copper strength.

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