Chile peso slips to new 12-year low, breaks 700 per dollar barrier

Chile peso slips to new 12-year low, breaks 700 per dollar barrier

SANTIAGO, Aug 24 (Reuters) – Chile’s peso currency zipped past the 700 per U.S. dollar level Monday morning, to a new 12-year low, pressured by tumbling prices for copper, the South American nation’s…

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WRAPUP 2-China stocks give up year's gains as "national team" stays on bench

* Market disappointed by failure to cut bank reserve requirements

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EMERGING MARKETS-Emerging assets hit new multi-year lows on China contagion

LONDON, Aug 24 (Reuters) – Contagion from China’s equity malaise spread across emerging markets on Monday, driving a 4 percent tumble in the benchmark equity index while currencies fell 1-2 percent…

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Trade Idea: AUD/USD – Stand aside

Aussie dropped again today and previous support at 0.7216 was penetrated, suggesting medium term downtrend is still in progress and downside risk
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