Wednesday, 09 May 2007

Colombia Peso Strengthens to Seven-Year High on Foreign-Investment Outlook

(Bloomberg) -- Colombia's peso strengthened to a seven-year high on expectations a boost in interest rates will attract investment capital from abroad.

The currency has risen 9.5 percent against the dollar so far this year, making it the second-best performer among 70 currencies tracked by Bloomberg after Iceland's krona. Colombia's central bank this week imposed lending limits to curb inflation and prevent the peso from strengthening further.


Read more at Bloomberg Currencies News

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