Colombia’s Peso Posts Weekly Advance; Bond Yields Fall
This article is for subscribers only.
Colombia’s peso posted its first weekly gain since early January on speculation that the central bank’s plan to boost dollar purchases won’t curb the local currency’s appreciation.
The peso climbed 0.2 percent this week to 1,776.18 per dollar. It declined less than 0.1 percent at the close of trading today in Bogota. It is down 0.5 percent this year after rallying 9.7 percent in 2012, the most among major Latin American currencies.