Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Colombian Peso Falls After Regulator Takes Over Brokerage

Nov. 2 (Bloomberg) -- Colombia’s peso fell after financial regulators said they’ll take over Interbolsa SA’s brokerage unit.

The peso weakened 0.1 percent to 1,826.4 per U.S. dollar at the close in Bogota. The currency has gained 6.1 percent this year.

“The regulator’s statement added noise and uncertainty to the market,” said Diana Guiza, an analyst at Corredores Asociados brokerage in Bogota. “People are looking to hedge, so there is greater demand for dollars.”

Colombia’s financial regulators will take over the Bogota-based brokerage after parent company Interbolsa tumbled the most on record yesterday, on a statement that its unit is facing a “temporary” funding shortage.

To contact the reporter on this story: Camila Russo in Buenos Aires at crusso15@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.