(Bloomberg) -- Colombia's peso weakened for the
first day in 12 on speculation the government will restrict
dollar inflows to stem a rally in the currency that is cutting
into exporters' profitability.
Colombian President Alvaro Uribe yesterday called for
measures to ``control capital that comes into the country to
make a short-term profit.'' The currency has appreciated 27
percent against the dollar in the past 12 months, the most among
70 currencies that Bloomberg tracks against the dollar.
Read more at Bloomberg Currencies News
first day in 12 on speculation the government will restrict
dollar inflows to stem a rally in the currency that is cutting
into exporters' profitability.
Colombian President Alvaro Uribe yesterday called for
measures to ``control capital that comes into the country to
make a short-term profit.'' The currency has appreciated 27
percent against the dollar in the past 12 months, the most among
70 currencies that Bloomberg tracks against the dollar.
Read more at Bloomberg Currencies News
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