Monday, July 16, 2007

Colombian Peso Strengthens Amid Renewed Appetite for High-Risk Securities

(Bloomberg) -- Colombia's peso gained to its
strongest in three weeks as renewed appetite for high-risk assets
boosted demand for the country's stocks and bonds.

``We continue to see appetite for risk that characterized
last week's close,'' said German Verdugo, chief analyst at
Bogota-based brokerage Correval SA. ``Today will likely see
little volatility in the market ahead of this week's U.S.
inflation report.''


Read more at Bloomberg Currencies News

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