Nov. 7 (Bloomberg) -- Chile's peso rose on speculation the U.S. Federal Reserve will again lower interest rates, sparking appetite for higher-yielding, emerging- market assets.
Chile's peso rose 0.8 percent to 631.20 per dollar, from 636.38 yesterday, at 7:54 a.m. New York time.
The yield for a basket of five-year peso bonds in inflation- linked currency units, known as unidades de fomento, declined 5 basis points, or 0.05 percentage point, to 3.35 percent, according to Bloomberg composite prices.
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