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Colombian peso weakens on slump in oil prices

Friday, January 8, 2016

The Colombia peso weakened past 3,300 per dollar for the first time in two weeks as the drop in prices for oil, the nation’s biggest export, damped the outlook for dollar inflows.

The peso fell 0.7 percent to 3,279.9 per dollar at the close in Bogota after reaching as low as 3,315.73. The currency has fallen 3.2 percent this week.

Source: Bloomberg