Wednesday, October 21, 2009
Colombian Peso Falls to Three Week Low on Speculation of Central Bank Intervention
Colombia's peso dropped to its lowest level in three weeks on speculation that the country's Central Bank, which autonomously manages exchange rate policy, would take measures to ease the peso's recent rise relative to the U.S. dollar.
Labels:
Banco de la Republica,
Colombia,
depreciate,
exchange rate,
flexible,
intervention,
U.S. dollar,
Uribe
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