Chile peso firms on weak U.S. dollar, bourse gains
SANTIAGO, June 18 (Reuters) - Chile's peso on Thursday closed at a new near-9-month high amid wider dollar weakness, gains on foreign bourses and a government plan to repatriate and convert $4 billion in savings into pesos, dealers said.
The peso CLP=CL rose 1.52 percent to close at 537.80/538.30 per U.S. dollar compared to Wednesday's close at 546.00/546.50.
The government said on Monday it would cash in $4 billion in windfall copper savings to counter a ballooning fiscal deficit. The central bank will sell the dollars for pesos on behalf of the government starting in July. (Reporting by Froilan Romero; Editing by James Dalgleish)
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