Colombia’s Peso Holds Near 3,855 As Markets Weigh Politics, Carry, And Credibility

Key Points USD/COP traded near 3,855 early Friday; the official TRM was set at 3,874.71. The MSCI COLCAP ended Thursday at 2,055.10 (+0.09%) on about COP 119.67 billion ($31 million) in turnover. The bull case is still “cheap valuation plus policy hopes,” but fiscal doubt keeps a discount in place. USD/COP was near 3,854.9 in […]