The Chilean peso ended weaker against the dollar Monday weighed by the drop in international copper prices and concerns about Chinese demand for the metal.
The peso ended at CLP485.50 to the dollar versus Friday's close of CLP483.10. During the session, the peso traded in a narrow range of CLP483.75 to CLP485.80.

China reported a trade deficit for February, versus a surplus in January, which some analysts see as a sign that the Asian giant's appetite for copper could lose steam.
China is one of the biggest consumers of the copper Chile exports. As Chile's copper industry represents nearly 19% of its gross domestic product, the currency is very sensitive to copper price variations.
Additionally, Italy entering into a recession and expectations that other European nations will follow suit moved investors to seek refuge in the dollar, according to traders.
"In the next day or so, the peso could weaken to around CLP487 if negative sentiment continues," a trader at a local bank said.
In the fixed-income market, yields on inflation-indexed Chilean central-bank bonds, or BCUs, ended higher, in heavy interbank trading as the bond market awaits the central bank's monetary policy meeting scheduled for Thursday.
The yield on five-year BCU bonds closed at 2.22%, from 2.18% on Friday, while the yield on 10-year BCUs closed at 2.49%, from 2.44% the previous session. Bond yields and prices move in opposite directions.
(Peso and bond quotes provided by Valor Futuro newswire.)