Colombian peso
The Colombian peso (COP) has appreciated during November and last session it accumulated five consecutive days of gains, its longest positive streak since the end of September. The external conditions in the international markets show a slight increase in the levels of volatility that limit the performance of risk assets and commodity prices. With the above, added to a recovery of the dollar at a global level, the peso could present slight devaluations throughout the day, however, the lower perception of local risk could limit the upward pressure on the exchange rate. Under this scenario we expect the peso to operate in the range 3,120 - 3,150.
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