Colombia Obituary Shows Currency Hits Uribe Growth (Update1)

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Colombia Obituary Shows Currency Hits Uribe Growth (Update1)

Post by yunowu on Mon Jun 30, 2008 9:17 pm

June 30 (Bloomberg) -- The obituary pages of Colombia's newspapers are becoming required reading for currency traders.
Thirty-seven flower exporters placed mock death announcements in El Tiempo, the country's largest daily, on June 20, blaming their demise on the peso's five-year, 49 percent rally and on the interest-rate increases that helped spark the appreciation. ``Rest in peace'' is scrawled next to a cross along the top of most of the obits....

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