Colombia’s peso sinks further, US dollar now above COP2800
Colombia’s peso fell to its weakest level since December 2003 on Thursday as the US dollar broke through the COP2800 mark.
Colombia’s peso fell to its weakest level since December 2003 on Thursday as the US dollar broke through the COP2800 mark.
The US dollar opened trading at more than 2,723 Colombian pesos on Friday, a level not seen since 2004. According to experts, the dollar could appreciate even further and exceed a…
Colombia’s finance ministry has submitted its 2016 budget which includes steep cuts in investment, reflecting decreasing government revenue.
Colombia’s peso has lost 6% of its value against the dollar in the last month amid dropping oil prices and insecurity about how a financial crisis in Greece will affect the…
Colombia’s peso rose the most in nearly eight weeks on Tuesday, driven by higher prices for oil, the country’s biggest export.
The US dollar on Tuesday continued to rise against Colombia’s peso, nearly breaking through the COP2,700 mark it hadn’t reached since 2004.
The dollar broke the barrier of COP2,600 on Monday, sparking speculation of a further substantial rise which would increase Colombia’s prices in a number of key areas.
The Colombian peso continues to drop against the dollar, which broke through the COP2,500 barrier on Monday. The extent of the dollar’s appreciation came as a surprise for most analysts.
Colombia’s Comptroller General said Wednesday that some positive effects of the recent depreciation of the country’s peso aren’t sufficient to offset plummeting oil prices and other negative effects triggered by the currency’s…