Santiago — Chile’s central bank will offer $4bn of currency swaps after the peso weakened 6% in three days amid a wave of social unrest and investor concern about a new constitution.
The currency fell to a record low against the dollar this week, triggering a verbal intervention from the central bank on Tuesday. At the same time, the implied volatility in the peso spiked to the highest levels since 2006. The measures announced on Wednesday will come into affect on Thursday and continue until January 9, the bank said in an e-mailed statement...
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