Chilean Peso As A Copper Currency
In April 2009, I pointed to the close relationship between the Chilean peso and the price of Copper, Chile's main export good .
Well, now we can read about how the price of copper reaches new highs. And not coincidentally, so does the Chilean peso.
We shouldn't expect a perfect relationship because there are other factors involved, but that there is a strong empirical and causal relationship should be clear.
Well, now we can read about how the price of copper reaches new highs. And not coincidentally, so does the Chilean peso.
We shouldn't expect a perfect relationship because there are other factors involved, but that there is a strong empirical and causal relationship should be clear.
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