CHILE: La Nina Drought May Force Energy Rationing; Central Bank Continues $ USD Purchases To Restrain Peso.

M.PRESS/

   The most powerful La Niña in 35 years has reduced rainfall by up to 46%.
   Many reservoir water levels needed for hydroelectric generators have dropped dramatically.
   The La Paloma reservoir in the Coquimbo Region is 74% below capacity.

ALSO: The central bank announced a continuation of buying $50 million usd daily until 8 March to restrain the strong peso.
It has accumulated 1.25 billion USD so far this year on a pace for $12 BILLION usd.
http://en.mercopress.com/2011/02/10/chile-extends-foreign-exchange-market-intervention-program-to-tame-strong-peso?utm_source=feed&utm_medium=rss&utm_content=main&utm_campaign=rss