Colombian Peso, Latin American Peers Drop as Risk Mood Sours

The index for emerging-market currencies trimmed its early gains on Monday, dragged by Latin American currencies as a selloff in risk assets deepened during the US trading session.

The Colombian peso sank 1.6% as concerns mounted over the nation’s widening fiscal deficit and next year’s presidential vote during a session where investors shunned risk. Currencies from Peru and Chile also slipped, while the Mexican peso bucked the regional trend.