Copper Fails to Lift Chile Peso

The price of copper rose 1.3% to $4.029 on Tuesday. The rising price of copper failed to push the Chilean peso higher, however. Chile is world's major producer and exporter of copper. At the moment, one U.S. dollar buys 473.25 pesos, or 0.01% more than on Monday, while the euro is standing at $665.89, or 0.16% higher than in yesterday's close. Traders who believe the prices of copper will continue to climb will be interested in the iPath Dow Jones Copper Index ETN JJC and the First Trust ISE Global Copper Index Fund CU. Those investors who believe the rising price of copper will ultimately lift the Chile peso will be interested in the WisdomTree Dreyfus Commodity Currency Fund CCX, as this fund contains the Chile peso and other currencies with strong ties to natural resources, e.g. the Russian ruble and the Aussie dollar.