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Colombia cenbank suspends forex interventions
BOGOTA, June 26 (Reuters) - Colombia's central bank said it suspended its program of foreign exchange interventions, designed to control peso volatility, starting on Thursday and continuing through August 8.
The bank issued a statement on Thursday announcing the suspension, which followed its decision on Friday to buy $20 million per day in the foreign exchange market in a bid to control the rise of the peso.
The announcement of the suspension of the anti-volatility intervention program prompted selling of the peso, which sank 3.9 percent to 1,847 to the dollar, extending deep losses for the week. (Reporting by Nelson Bocanegra, writing by Hugh Bronstein; Editing by Jonathan Oatis)
