Colombian Peso reaches 17-month high

Source: Bloomberg
© Scanpix/AFP
Colombia's peso reached the highest level since July 2011 as U.S. policymakers launched a bill avoiding tax increases that put the economic recovery under a threat. The currency advanced 0.2% to 1,763.50 per greenback, before touching 1,750.50, the most since July 2011. It is said that the Peso surged 9.7% in 2012, the strongest level after the Hungarian forint and Polish zloty among 171 greenback peers.
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