Colombia’s peso hits 3-week high
The Colombian peso on Wednesday reached a three-week high against the US dollar as a new tax cut is expected to entice foreign investors to buy up Colombian debt. According…
The Colombian peso on Wednesday reached a three-week high against the US dollar as a new tax cut is expected to entice foreign investors to buy up Colombian debt. According…
Colombia’s finance minister on Wednesday expressed confidence the peso will weaken amid government intervention following a strong appreciation in the first half of January. “I think the dollar is going…
Colombia finished 2012 with the highest amount of foreign currency reserves in the country’s history. According to data from Banco de la Republica, the country’s central bank, at the end…
Analysts worry over the consequences of a strengthening peso after Colombia recorded a jump in foreign direct investment in 2012. Colombia, the third largest economy in Latin America, reportedly received $16.7…
Yields on Colombia’s peso bonds held at a record low on Wednesday according to reports. Yields on Colombia’s 10% peso bond due in 2024, dropped to 6.28% on Wednesday, the…
Colombia’s President Juan Manuel Santos again proposed to slash three zeros from the country’s peso. “I consider the initiative important to maintain the strength of our currency,” said the president…
Colombia’s government has bought $500 million on the foreign exchange market within two weeks in an attempt to weaken the country’s strong peso, newswire Reuters reported Wednesday. Colombia’s Finance Minister…
The Colombian peso opened trading at a two-month low Thursday after the Colombian government announced forex interventions to ease the burden on exporters. The peso fell to COP1,820.5 for a…
Colombia’s finance minister said Tuesday his country has been preparing to meet fallout from Europe’s economic crisis, but expects to take a hit. With a 4.7 percent GDP growth in…