Monday, June 18, 2007

Chile's Currency Rises to Two-Week High as Copper Gains Amid Strike Threat

(Bloomberg) -- Chile's peso rose to its highest in
two weeks as threats of strikes in the state-owned Codelco
copper mine pushed the price of the metal to a one-month high.

Copper, Chile's biggest export, rose as strike prospects
raised supply concerns. Miners at Codelco, the world's biggest
copper producer, plan to walk off the job on June 20 without a
wage agreement this week.


Read more at Bloomberg Currencies News

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