(Bloomberg) -- Colombia's peso fell by the most
since March on speculation dollar inflows will decline as the
nation's trade deficit widens.
The currency dropped a third straight day for the first
time since April. Colombia had a trade deficit of $812 million
in the first three months of the year after posting a $164
million surplus in the same period a year earlier, according to
a June 5 government report. A larger trade shortfall means
domestic companies have less foreign currency they need to sell.
Read more at Bloomberg Currencies News
since March on speculation dollar inflows will decline as the
nation's trade deficit widens.
The currency dropped a third straight day for the first
time since April. Colombia had a trade deficit of $812 million
in the first three months of the year after posting a $164
million surplus in the same period a year earlier, according to
a June 5 government report. A larger trade shortfall means
domestic companies have less foreign currency they need to sell.
Read more at Bloomberg Currencies News
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