Chilean peso sags 1.25 pct, Brazil real weighs

Chile's peso currency sagged 1.25 percent to close at 614.20/614.70 per U.S. dollar on Monday, influenced by the weaker Brazilian real currency, traders and analysts said.

The peso closed on Friday at 606.50/607.00 per dollar.Brazil's currency softened on Monday due to spiking global oil prices.

"In the last week the market has been very in tune to what is happening with the Brazilian real.... The peso has moved according to the fluctuations in that currency," said Mauricio Guerrero, trader with Multicambios foreign exchange house.

(From Reuters, October 25, 2004)

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