(Bloomberg) -- Colombia's peso gained for a sixth day, trading at a seven-year high, on expectations higher interest rates will attract investment capital from abroad.
The currency has appreciated 12.2 percent against the dollar so far this year, the second most among 70 currencies tracked by Bloomberg, trailing only the Icelandic krona. Colombia's central bank in May 6 imposed lending limits to curb inflation and prevent the peso from strengthening further.
Read more at Bloomberg Currencies News
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment