1. At the same time, the recent rally in copper prices means that the Chilean peso is likely to strengthen this year, boosting returns for foreign investors. 2. A fall in domestic rates would reduce the gap between Chilean and U.S. interest rates, weakening the Chilean peso and increasing earnings at exporting companies. 3. All the same, the Chilean peso has appreciated for each of the last five years at least, over which time interest rates have risen and fallen. 4. Economic turmoil has caused a sharp decline in the value of the Chilean peso. 5. Earnings will be hurt, however, by losses related to store closings, and from a decline in the Chilean peso against the dollar, Santa Isabel said. 6. Largely out of concern for the recent deterioration in Brazil, the Mexican and Chilean pesos have fallen sharply in recent days to new lows against the dollar. 7. Moreover, the effects of a stronger Chilean peso will reduce export income, the Fruit Association said. 8. Such steps would include measures aimed at warding off any speculative attack on the Chilean peso, he said. 9. The Chilean peso, which has been under attack all week, today had its biggest one-day plunge in five years. 10. The following is a list of widely-traded shares on the Santiago stock exchange, with prices in Chilean pesos. |