Colombia Peso Weakens to Record Low as Traders Eye 3,500 Level
- Oil, the country's biggest export, traded near 12-year low
- Peso weakens past previous Jan. 26 low; yields rise above 9%
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Colombia just can’t catch a break.
The country’s peso fell to another record low and the yield on its benchmark peso bonds rose above 9 percent Thursday as oil, it’s biggest export, traded near the lowest level in 12 years.