Latin America

Peso falls because of flu worries

On the 27th of April peso falls more than 2%, while dollar gains.

Both yen and dollar are rising on Monday, while Mexican peso falls because of concerns about spreading of the swine flu, which has already become a reason for death of over 80 people in Mexico. People in the United States of America and in Canada are also getting infected.

The World Health Organization called swine flu a public health emergency, which is of an international concern. The swine flu is considered possible to become a serious disease, which might have a global outbreak.

The growth of the Colombia derivatives market

Colombia was the third country after Brazil and Mexico in Latin America that began trade derivatives with an aim to increase trading volumes and overcome its competitors. Furthermore Colombia’s exchange – BVC has far-reaching intentions to start also stock and foreign exchanges derivatives trading until the end of the 2008. Due to Cesar Prado – a chief securities regulator these actions will improve the situation with the risk distribution in the economy of the country.

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