Currencies

Chile Peso Gains as Communist Win Is Seen as a Step Too Far for Left

Jeannette Jara at a presidential primary election night rally in Santiago on June 29. — Jeannette Jara at a presidential primary election night rally in Santiago on June 29.Photographer: Cristobal Olivares/Bloomberg

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By Philip Sanders

June 30, 2025 at 9:43 AM EDT

Updated on

June 30, 2025 at 2:10 PM EDT

Lea en español.

Chile’s peso jumped on Monday as a landslide victory for Communist Jeannette Jara in a left-wing presidential primary damped the chances of that alliance winning November’s election.