Colombia’s Peso Rally Meets A Record-Bid Stock Market On Heavy Dollar Inflows

Key Points A large government hard-currency issuance forced unusually big dollar-to-peso conversions, pushing USD/COP lower and compressing risk premia. The same liquidity pulse lifted Colombian equities, with oil-linked and financial names leading, even as global geopolitics kept markets jumpy. Technicals flag opposite risks: USD/COP remains in a broader downswing, while the COLCAP looks stretched after […]