(Bloomberg) -- The Colombian peso may advance to a seven-year high as the central bank extends increases in borrowing costs, according to Lehman Brothers Inc.
The peso may strengthen in the next several weeks beyond 2,000 pesos per U.S. dollar, Lehman economists Gianfranco Bertozzi and Andres Pardo wrote in a note to customers yesterday distributed by e-mail. The last time the Colombian currency broke that level was in April 2000.
Read more at Bloomberg Currencies News
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