Colombia Peso Leads Gains, Extending Rebound From 5-Month Low
- Peso rallies most among 150 currencies tracked by Bloomberg
- Currency had tumbled in previous weeks on Fitch outlook change
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The Colombian peso strengthened the most among currencies tracked by Bloomberg as it extended its rebound following losses in the previous two weeks that helped push it to a five-month low.
The peso rose 1.5 percent to 3,038.18 per dollar as of 12:55 p.m. in Bogota, on course for a 1.1 percent gain on the week. The currency fell 3.9 percent last week, the most since November after Fitch Ratings changed its outlook on the country rating to negative.