Chile’s Peso Extends Losses Ahead of Sunday’s Elections
- The peso sank 0.4% on Thursday, extending three-day decline
- Pause in dollar sales by finance ministry fueled the decline
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The Chilean peso sank to its lowest since May last year as traders punished the currency ahead of the nation’s hotly contested election on Sunday.
The peso fell as much as 1.45%, falling to a session low of 841.22 before paring losses. The currency has weakened 4.4% in three days, its worst performance since January.