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Colombia Peso Sinks Most in Emerging Markets After Uribe Comment

Colombia’s peso fell the most in emerging markets after central bank Governor Jose Dario Uribe said a weakening currency is “something we view as positive.”

The peso depreciated 1.5 percent to 2,046.64 per U.S. dollar at the close in Bogota, the lowest level since December 2009. The drop was the biggest among 24 developing-nation currencies tracked by Bloomberg.