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The Colombian peso moved towards 3,900 to the US dollar — and there appears little to suggest it will move it back towards the 4,200 level given current oil prices.

Here in Colombia the market has been crying out for new blood, we have seen multiple names such as Tablemac delist, others including Éxito who are no longer part of the MSCI COLCAP and recently Avianca which has been put on the naughty step due to Chapter 11.