Tuesday, June 26, 2007

Colombia's Central Bank Sells Dollar Call Options After Recnet Peso Slide

(Bloomberg) -- Colombia's central bank sold dollar
call options after the peso slid 3.5 percent in the past five
days.

The central bank said in a statement that it sold $180
million of the call options. The bank sells the options every
time the peso's 20-day moving average changes by more than 2
percent.


Read more at Bloomberg Currencies News

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