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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.

Due to latest news from Columbia its currency has increased a bit caused by the decreased possibility of slowing inflation. According to Alvaro Camaro a chief analyst at Stanford Financial Group’s unit in Bogota the growth of the economy is expected to decrease by 50 percent throughout this year. He has added that the market supposes that the inflation will slow after the August.

As the peso continued to falter against the dollar, the central bank, Bangko Sentral ng Pilipinas (BSP), has tightened its monitoring of banks’ currency deals with overseas investors in an apparent attempt to curb speculative pressures spilling over to the spot foreign exchange market.

The peso closed Tuesday at its intra-day low of 43.75 to the dollar, its weakest in six months, on lingering concerns on runaway crude oil prices.