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'Copper in US affects Peso in Chile' chile

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Copper in US affects Peso in Chile

-- chile

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08/11/11 12:12

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Copper in US affects Peso in Chile

The problem with the world becoming as global as it is, with all financial markets so intertwined is that what is a little fall in one country's market can mean a huge fall in another country's.~~

A classic example is with Chile, copper, and the US copper stock.

When the copper stocks in the US fell 1.5 percent in New York, this caused the Chilean peso to fall a whole 1 percent as well.

Copper stocks falling cannot be compared to the currency of a country falling. Each man, woman, and child in Chile will know about this event, whereas who in the US do you think will realize?

Link: Chile Peso Falls for Fifth Day as U.S. Stocks, Copper T

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