(Bloomberg) -- Wall Street's biggest banks are
certain the Colombian peso, the world's hottest currency, will
tumble for the rest of 2007 and may even erase this year's 16
percent gain.
Merrill Lynch & Co., based in New York, says the peso will
be the worst performer in the foreign-exchange markets, losing
all of its advance against the dollar. Frankfurt-based Deutsche
Bank AG sees a 10.5 percent decline by mid-November, while
Citigroup Inc. in New York expects a 8.9 percent drop by year-
end and Goldman Sachs Group Inc., 6.3 percent.
Read more at Bloomberg Currencies News
certain the Colombian peso, the world's hottest currency, will
tumble for the rest of 2007 and may even erase this year's 16
percent gain.
Merrill Lynch & Co., based in New York, says the peso will
be the worst performer in the foreign-exchange markets, losing
all of its advance against the dollar. Frankfurt-based Deutsche
Bank AG sees a 10.5 percent decline by mid-November, while
Citigroup Inc. in New York expects a 8.9 percent drop by year-
end and Goldman Sachs Group Inc., 6.3 percent.
Read more at Bloomberg Currencies News
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