Wednesday, September 5, 2007

Rot Taste Near Wisdom Tooth

Colombian peso closed weaker at U.S. renew fears

19 minutes


BOGOTA (Reuters) - Colombia's currency, the peso, closed on Wednesday depreciated in line with other currencies in the region, renewed fears about slower growth in the economy United States.


The weight ended the session at 2,172 per dollar, falling 0.71 percent (15.5 units) versus Tuesday's close of 2156.5.


The intention of investors away from risky assets such as emerging were renewed after they met the real estate industry figures show that pending sales of existing homes fell 12.2 percent in July to its lowest level since September 2001.


addition, ADP Employers Services showed private employers likely added 38,000 jobs in August, the lowest figure for the sector in four years.


"This movement has been driven by increased risk aversion by investors due to the significant drop in American stock markets caused by the negative data published in the morning," said a note from Banco Santander.


Weight opened in 2171 and fluctuated between 2,169.94 and 2,181, averaging 2175.1 units.


traded was 778.9 million dollars at 1,280 operations.


Nervousness led the referenced TES maturing in July 2020 devalued closed at a yield of 10.558 percent, compared with 10.494 percent ended Tuesday.


Meanwhile, the Ministry of Finance reported on Wednesday TES repurchased due in November this year to 885,000 million pesos (U.S. $ 409.4 million) as part of its strategy to improve its debt profile.


The Government acquired the papers to an interest rate of 9.3 percent, after receiving bids for 1.7 billion pesos (786.4 million dollars).

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