Monday, March 1, 2010

Chile Peso in Earthquake Aftermath

Trading Chile Peso

As relief efforts from agencies outside the country send a windfall of U.S. dollars their way, the Chilean peso is expected to experience a nice upward push in value against the dollar during that time.

In 2009 the Chilean peso grew in value against the U.S. dollar by close to 20 percent. It was dropping against the greenback in the first two months of 2010 based on new currency reserve requirements in the country concerning private pension funds.

This temporary situation could be a good play going forward for currency traders looking for some degree of predictability in their forex trading.

Trading Chile Peso

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