Colombia’s Peso and Stocks Shudder After Fitch Downgrade as Oil Bounces

Key Points Fitch’s cut to BB triggered a fast repricing in COP, local rates, and equities, with heavy FX turnover. Global risk tone stayed fragile as U.S. tech-led selling met a firmer dollar backdrop, limiting any EM relief. The COLCAP slipped back toward early-month levels, with financials hit hardest and energy names steadier. USDCOP traded […]