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USDCOP Sinks Back Below 4000 As Carry Trade Remains In Favour

COLOMBIA
  • After underperforming in mid-November, the Colombian peso outperformed peers on Monday with USDCOP sinking back below 4000 once more. Some desks reported seeing USDCOP outflows from HF and RM clients in both cash and NDF.
  • There is no data until unemployment figures on Thursday.

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