Colombian peso gains almost 4%

The peso has strengthened to COP2,079 to the dollar from COP2,160.25 Wednesday in an active trading session.

“We are seeing more risk appetite from offshore funds as they are
betting the U.S. Congress will approve the rescue plan,” said Mario
Nigrinis, analyst at the local unit of Spanish bank Banco Bilbao
Viscaya Argentaria (BBV).

The Colombian IGBC stock index was up 1.2% to 9,412.06 points as of
1:36 p.m. EDT. In the local bond market, the yield on the benchmark
domestic paper maturing in 2020 traded at 11.900%, down from 12.130%
Wednesday. (Dow Jones)

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