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May Trade Balance Broadly In Line With Expectations

COLOMBIA
  • Colombia May Trade Deficit Narrows to $1.012b; Est. -$970.8m (BBG)
  • USDCOP is just 0.5% higher today at 3830. The Peso weakness is reflecting the stronger dollar, however, given the severe weakness in oil and global equity indices, the COP weakening may have further to extend.

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