Colombia Peso Leads Emerging-Market Gains on U.S. Payrolls Data

  • Currency strengthens 1.4% to highest in almost two weeks
  • Peso volatility is among the highest emerging markets

Colombia’s peso led a rally in emerging-market currencies as disappointing U.S. jobs data spurred speculation the Federal Reserve will wait longer to raise borrowing costs, delaying an exodus of capital from nations with higher interest rates.

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