Tag: dollar
US dollar hike raises concern over inflation in Colombia
The US dollar’s recent rise against the peso is raising concerns in Colombia over inflation...
Dollar breaks through COP2500 barrier; markets wait for possible intervention
The Colombian peso continues to drop against the dollar, which broke through the COP2,500 barrier...
Colombia’s measures helped lower peso: Finance minister
Colombia’s finance minister welcomes news that the dollar rose against the peso Monday, citing a package of measures that the Colombian government instigated to curb the strengthening the peso, local media report. Finance...
Colombia hasn’t sold dollars in 2012
The Colombian government has not sold dollars in the market so far in 2012, in an effort to temper gains in the peso, reported Bloomberg Friday. In an e-mailed statement, the Finance Ministry said it is “worried”...
Colombia’s central bank buys $420M in March
Colombia’s central bank announced it bought $419.9 million in foreign currency during March 2012. The central bank has now bought almost $780 million in foreign currency in 2012 through daily auctions. During the first...
Colombia’s currency control measures undecided: Finance minister
Colombia’s Finance Minister said measures to control the national currency are “being evaluated,” amid concern about the exchange rate, reports financial publication Dinero. Juan Carlos Echeverry said the...
Opening Colombia’s economy will hurt: Finance Minister
Colombia’s Finance Minister said the “future is about being competitive,” indicating domestic producers and exporters should accept the pain of a strong peso, reported Reuters. At a meeting of the...
Colombian exporters ask govt to curb strong peso
Colombian exporters and producers have asked the government to take additional measures to keep the peso in check against the dollar. Javier Diaz, president of the National Association of Exporters, ANALDEX, and Agosto Solano,...
Colombian peso update – Wednesday, March 14
The Colombian peso weakened against the dollar Wednesday closing at 1,765.10 compared to 1,758.50 the day before. According to Bloomberg the drop is due to increased confidence that the United States will not begin a third round...
Colombian peso update – Friday March 9
The Colombian peso strengthened against the dollar for the third consecutive day with one dollar closing at 1,762.6 compared to 1,764.5 the day before. According to Dow Jones, the peso´s rally was tempered by the release of the...
Colombian peso update – Thursday, March 8
The Colombian peso strengthened against the dollar for the second consecutive day with one dollar closing 1,764.5 compared to 1,769 the day before. The reason for this strong performance is optimism about global growth and...
Colombian peso update – Wednesday, March 7
The Colombian peso strengthened against the dollar today with one dollar closing at 1,769 compared to 1,780 the day before. Lucia Duarte a currency strategist at Bancolombia told Bloomberg that the peso was following the trend...
