Colombian central bank enters market again

In efforts to reduce fluctuations in the value of the peso, Colombia's central bank has sold dollar put options for the second time this year.

The central bank reported that it had sold $180m-worth of the options after receiving investor bids worth $551m. Investors paid a premium of 4 pesos per dollar, lower than the 8.15 pesos per dollar premium paid in the previous auction on 15 January.

The options are sold every time the Columbian peso's 20-day moving average changes by more than 2%. The pe

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