Colombia's Budget Deficit Sparks Wall Street Selloff and Peso Decline

Wall Street reacted negatively to Colombia's newly presented public finance plan showing a 9.4% deficit, triggering a sharp drop in Colombian assets and a 2.1% slump in the peso.

31 Aug, 18:35 — 31 Aug, 18:35

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bloombergHigh8h ago

COP/USD: Colombia’s 9.4% Deficit Rattles Wall Street, Peso Slumps 2.1%

The picture painted by Colombia’s new government of the country’s public finances landed with a thud on Wall Street, sparking one of the worst selloffs of the year in the nation’s assets.

By Vinícius Andrade, Nicolle Yapur and Oscar Medina

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Colombia's Budget Deficit Sparks Wall Street Selloff and Peso Decline

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COP/USD: Colombia’s 9.4% Deficit Rattles Wall Street, Peso Slumps 2.1%

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