| The only thing they had in common this month was the name. As the Colombian peso posted the best performance in emerging markets in August, propelled by a jump in crude oil, a plunge in the price of copper pushed the Chilean peso to its worst monthly performance since May.
Oil is Colombia’s biggest export, while Chile is the world’s biggest producer of the industrial metal. "Oil helped the Colombian peso and copper didn’t help the Chilean peso," said Mario Castro, a strategist at Nomura Holdings Inc. in New York. ..............................................Full Article: Source
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