Chile's change in policies on lithium is imminent.
Chile Peso Rebounds From World’s Biggest Tumble on Review of Dollar Buying By Sebastian Boyd - Sep 23, 2011 8:06 AM PT
Chile’s peso rebounded from the biggest drop among global currencies yesterday as speculation the central bank will cease its dollar-buying program overshadowed copper’s plunge to a one-year low. The currency snapped a five-day losing streak, including a 4 percent decline yesterday, to advance 0.8 percent to 516.80 per U.S. dollar at 10:52 a.m. New York time. Central bank President Jose De Gregorio said the institution will evaluate its $12 billion dollar-buying program as the peso headed toward the biggest weekly decline in three years. Investors have fled emerging-market currencies and commodities amid concern of a new recession in developed countries. Copper, which accounts for more than half of Chile’s exports, slumped to a one-year low in New York today. http://www.bloomberg.com/news/2011-09-23/chile-peso-rebounds-from-world-s-biggest-tumble-on-review-of-dollar-buying.html