The Colombian peso strengthened sharply on Friday, gaining approximately 2% against the US dollar as a disappointing US jobs report triggered broad-based selling of the greenback.
The local currency moved toward the 3,360 level, capitalizing on the dollar's weakness across emerging markets.
The COLCAP index held flat at 2,260 points, indicating that investors are currently decoupling the currency rally from domestic equity valuations.
Equity markets in Bogotá remained largely unaffected by the currency move.
The COLCAP index held flat at 2,260 points, indicating that investors are currently decoupling the currency rally from domestic equity valuations.
The divergence suggests that while external macro factors are driving FX flows, local equity sentiment remains cautious.
This surge adds to the peso's recent momentum.