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Free AccessLocal Assets Halt Decline Despite Ongoing Protests
- Despite ongoing protests the Colombian Peso rose yesterday and swap yields fell as markets calmed after severe pressure has been placed on local assets. Firmer CPI data helped buoy the Peso, as well as positive risk sentiment helping to bolster emerging market currencies.
- Reuters reported smaller groups of demonstrators in cities including Bogota and Medellin, while industry groups warned of gasoline shortages across the country following roadblocks.
- Central Bank Co-Director Caroline Soto made comments warning the protests may negatively impact the nation's economic recovery.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.