Peso rises amid oil gain

Colombia’s peso rose Monday amid gains in
oil, the nation’s biggest export. 

The peso advanced 0.5 percent to 2,447 per dollar at 9:21
a.m. New York time, from 2,458.55 on Feb. 6, according to the
Colombian foreign-exchange electronic transactions system, known
as SET-FX. The peso has slipped 8.9 percent in the past month,
the biggest decline among the six most-traded Latin American
currencies.

Crude oil gained to as high as $41.42 a barrel on the New
York Mercantile Exchange on speculation a U.S. stimulus plan will
revive demand in the world’s largest energy consumer.

The yield on Colombia’s 11 percent bonds due in July 2020
rose 10 basis points, or 0.1 percentage point, to 9.80 percent,
according to Colombia’s stock exchange. The price fell 0.695
centavo to 107.919 centavos per peso.

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