Colombia Peso Sinks as Oil Drop Signals Pain for Current Account

  • Peso gained earlier this week as Colombia auctioned Isagen
  • Strategists see `indisputably clear' case for more rate hikes

The Colombia peso reversed two days of gains as oil’s plummet to a 12-year low highlighted the difficulty the country faces in taming a current account deficit forecast to be the highest in at least three decades.

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