Thursday, May 31, 2007

Colombia's Peso Breaks 1,900-Per-Dollar-Barrier for First Time Since 2000

(Bloomberg) -- Colombia's peso broke the 1,900-per-
dollar barrier for the first time in more than seven years on
speculation the central bank will scale back its dollar
purchases aimed at curbing the currency's rally.

The peso jumped 1.5 percent to 1,896.97 per dollar. It
earlier touched 1,894.1, the strongest since January 2000. The
currency has gained 18 percent this year, the most among 70
currencies tracked by Bloomberg.


Read more at Bloomberg Emerging Markets News

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