Thursday, June 14, 2007

Colombia's Peso Increases From Three-Week Low as Risk Appetite May Return

(Bloomberg) -- Colombia's peso rallied from a three-
week low on speculation investors may buy riskier, emerging-
market assets after U.S. Treasury yields fell from a five-year
high.

``The stabilization of the U.S. Treasury markets helped the
peso,'' said Julian Cardenas, an analyst at Bogota-based
brokerage Corredores Asociados. ``Investors who got out of the
market a few days ago may find it's a good opportunity to re-
enter the market.''


Read more at Bloomberg Currencies News

No comments: