The Colombian peso is the second most devalued emerging currency in three months

 The most devalued emerging currency is the Russian ruble (-13.2%), followed by the Colombian peso (-6.3%) and the Argentine peso (-5.83%).

This is a week that the market has been eagerly awaiting, as today is the day of the election of the next US president and the day after tomorrow the Federal Reserve will also decide on the direction of monetary policy in the same country.

"Today, the markets' attention will be focused on the US presidential elections. Polls show a very close election between Kamala Harris and Donald Trump," said Mauricio Acevedo, currency and derivatives strategist at Corficolombiana. The strong dollar and high volatility in the markets have been the result of the tight elections.


https://www.larepublica.co/finanzas/el-peso-colombiano-es-la-segunda-moneda-emergente-mas-devaluada-en-tres-meses-3991824


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