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12/23/11

The Peru Nuevo Sol (PEN) versus the Chilean Peso (CLP), 12 month chart

This one for Peter K:

Thoughts arising:
1) Sorry, but wasn't the Piñera gov't the right wing one and the Humala gov't the bunch of raging lefties?
2) Gold is an asset class, copper isn't.
3) So tell me again, Mister Chilean Central Banker, how free-floating of a currency is the only possible way and that managing a country forex never works.