Colombia cenbank chief sees 'objective reasons' for peso ease
BOGOTA, April 17
BOGOTA, April 17 (Reuters) - Colombia's Central Bank chief Jose Dario Uribe on Wednesday said there are "objective reasons" why the country's peso currency should ease against the dollar.
Economists say a firmer peso cuts into the peso revenues of exporters and causes problems for manufacturers who struggle to compete with cheaper imports.
Finance Minister Mauricio Cardenas has previously called the stronger peso "the mother of all problems". (Reporting by Eduardo Garcia Editing by W Simon)
- Lost airliner was diverted deliberately: Malaysian PM |
- Exclusive: Radar data suggests missing Malaysia plane deliberately flown way off course - sources
- Malaysia PM says lost plane's movements indicate a deliberate act
- UPDATE 2-Satellite data shows missing Malaysia plane may have flown thousands of miles-source
- UPDATE 1-Rolls-Royce concurs with Malaysia on missing jet's engine data