Colombian Peso Falls After Regulator Takes Over Brokerage
Colombia’s peso fell the most in a week after financial regulators said they’ll take over Interbolsa SA (INTBOL)’s brokerage unit.
The peso weakened 0.3 percent to 1,830.8 per U.S. dollar at 9:56 a.m. in Bogota. The currency has gained 5.9 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.
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