13 September 2010

COLOMBIA: Peso Hits 2-Year High On China Output Report.

BLOOMBERG/     Colombia's peso has touched 1,791.15, the strongest level since Aug. 8, 2008 after a surge in China’s industrial output was reported.
   The peso has jumped 13.9% this year, the best performance among all currencies tracked by Bloomberg.
   But Central bank chief Jose Dario Uribe (pictured) said on 20 Aug. that Banco de la Republica will buy dollars in the spot market when it deems it “appropriate.”