Colombia’s peso rose for a second day on speculation investment flows into Latin America will increase after Brazil’s foreign debt rating was raised one level by Moody’s Investors Service.
Colombia’s peso advanced as oil, the nation’s biggest export, rose on speculation central banks this week will take steps to support the global economic recovery.
Colombia’s peso rose the most in two weeks on speculation the Federal Reserve will take action to bolster growth in the world’s biggest economy.
Colombia’s peso bonds fell, pushing yields up the most in three weeks, after the government said it would sell an additional 2 trillion pesos ($1.06 billion) of local debt to replace revenue from the scrapped sale of power company Isagen SA.
"Oil is a variable that has major consequences in Colombia."
- Camilo Perez on Oct 09, 2014