Colombia Currency Holds Within Peso of Week Low on Dollar Buying
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Colombia’s currency held within a peso of a week low after the government said last week it will buy $1 billion more to help exporters by easing gains in the local exchange rate.
The peso was little changed at 1,790.88 per U.S. dollar after closing yesterday at 1,791.57, the weakest since Feb. 7. The currency has dropped 1.3 percent this year as the government and central bank announced increased dollar purchases to stem a rally that sent the peso to a 17-month intraday high on Jan. 2.