(Bloomberg) -- Chile's peso rose to the highest in almost four months as copper, the country's biggest export, increased on concern of falling supplies because of a strike at an Indonesian mine.
Copper extended its 10-week rally today after a work stoppage at Indonesia's Grasberg mine, owned by Freeport-McMoRan Copper & Gold Inc. The mine is the world's second-biggest source of the metal. Copper prices last week jumped 4.8 percent and were up 46 percent since Feb. 2, partly because of surging Chinese demand.
Read more at Bloomberg Currencies News
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