Friday, May 11, 2007

Colombia's Peso Reaches Seven-Year High on Outlook for Foreign Investments

(Bloomberg) -- Colombia's peso reached a seven-year high on expectations that strong growth will continue attracting foreign investment.

``Strong economic growth and expectations a free trade agreement with the U.S. will go through will continue to attract foreign direct investment,'' said Julian Ramirez, an analyst at Bogota-based Fiducor SA.


Read more at Bloomberg Currencies News

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