Dollar, Ecopetrol and Bonds: This Is What JPMorgan Sees as the “Most Momentous” Elections in Colombia in Decades
2 Articles
2 Articles
Dollar in Colombia. Image generated by the AI Gemini for illustrative purposes. In the last exchange-rate session before the first round of the presidential elections this Sunday, the Colombian financial market lived a day of aversion to risk. The US dollar recorded a sharp increase of $49.50, closing at $3,689,50 and erasing from a plummet the downward trend of the previous days. The day reflected a divorce of the local currency against interna…
JPMorgan (JPM) considers that the presidential elections in Colombia will be one of the most decisive events for local markets in decades, at a time when the Colombian peso, sovereign debt and stocks operate with a risk premium that the bank considers insufficient in the face of fiscal deterioration and political uncertainty.See more: Less Dollar, More AI and Emerging: This is how big fortunes are being invested, according to UBSThe US bank main…
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