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Colombian Peso Declines Amid Bets for More Currency Measures

Colombia’s peso fell the most in two weeks on speculation policy makers will move to ease gains in the currency after Finance Minister Juan Carlos Echeverry said the country should take “more aggressive” action.

The peso slid 0.4 percent to 1,791.80 per U.S. dollar for the biggest decline since May 30. The peso has jumped 8.2 percent against the dollar this year, the best performance among all of the 170 currencies tracked by Bloomberg. That compares to a 9.3 percent drop in the Brazilian real.