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Argentina wholesale dollar hits yearly high; country risk at 4-month peak
La Nación (Argentina)LO·AR·3 days ago
The Colombian peso depreciated sharply, with the TRM (representative market rate) breaking the $3,300 per USD barrier, returning to July levels. The move is attributed to a rebound effect and the Federal Reserve's rate hike, which strengthens the dollar globally. Further depreciation toward $3,400 is anticipated, reflecting emerging-market currency pressure.
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