Mexican, Colombian Pesos Undervalued Aganist Dollar, BoA Says

In a note to clients, Bank of America strategists wrote that Latin America may have the most undervalued currencies in the world, estimating that Mexico's peso is trading 15% below its "Fair Value" level.

Colombia's Exports to Venezuela Fall 10.7% in September

In September, Colombia, a country whose currency has appreciated sharply in 2009, reported that its exports to neighboring Venezuela fell 10.7% in September to US$ 2.8 million, down from US$3.1 million a year ago.

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.