The Colombian peso on Monday strengthened to COP2001.10 against the dollar, from COP2006.25 at Friday’s close, following news on U.S. interest rates. Federal Reserve Chairman Ben Bermanke reaffirmed plans to keep…
Colombia’s peso slipped against the U.S. dollar on Tuesday following an unexpected interest-rate cut by the Colombian central bank late Monday. The rate was cut to 3.5% from 4%, and…
The Colombian peso depreciated to close at its weakest level since September 3 as the country’s Central Bank suspended a program of auctions designed to limit the currency volatility. The…
Colombia’s peso weakened 1.7 percent on Tuesday as the U.S. dollar rallied around the world and the local market braced itself for the start of a series of dollar purchases…
Colombia’s peso closed trading down 2.56 percent versus the dollar on Tuesday on speculation the government could adopt capital control measures similar to an investment levy announced this week by…
The Colombian peso, which has appreciated 23% so far this year, is too strong and causes problems to exporters, so the government and Central Bank will evaluate measures to mitigate…
Colombia launched a dollar bond Tuesday yielding 200 basis points over Treasurys, or 6.15%, that matures in January 2041. The size is seen at around $1 billion, according to investors…
Colombian President Alvaro Uribe Saturday asked the country’s Central Bank to come up with measures to stop the appreciation of the peso against the dollar. The expensive peso is hurting…
Colombian authorities say they seized nearly ten million in false dollars in raids in the citIes of Cali and Soacha. Special units of intelligence agency DAS found the stashes of…