1919, 50 peso push today! Let keep it going!

makopp5 (☼Travelguide writer) says on Oct 20, 2009, 10:21:

apeters says on Oct 20, 2009, 10:28:

sweeeeeeeeeeeeeeeeeet!

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vallenato says on Oct 20, 2009, 10:56:

Looks like the measures they announced a couple of days ago are kicking in in a hurry.

Works for me.

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yummyj says on Oct 20, 2009, 11:02:

Let go to Hooter's!! Let go to the beach!!! Let go shopping!!!!

Just because you have been to Colombia, that does NOT mean that you are anywhere near an expert on the place. Sorry. Truth hurts.

1 funny, 1 helpful.

apeters says on Oct 20, 2009, 11:14:

you are buying yummy, I personally like the Hooters breasts or the wings, but the breasts are more juicy ;)

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kenblanquito says on Oct 20, 2009, 11:32:

Not sure if it is related but the Dolar has risen by 2% and coffee on the markets has gone down by about the same amount.
Net result, coffee farmers receive no benefit.

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mcheasley says on Oct 20, 2009, 15:49:

TCRM is 1913.98 for Oct 21...........

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vallenato says on Oct 20, 2009, 19:11:

If coffee goes down when dollars go up, does it stand to reason that coffee goes up when dollars go down?

The real question being... is coffee a reasonable dollar hedge?

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makopp5 (☼Travelguide writer) says on Oct 20, 2009, 19:12:

mickymoose says on Oct 20, 2009, 20:01:

Colombia's peso closed trading down 2.56 percent versus the dollar on Tuesday on speculation the government could adopt capital control measures similar to an investment levy announced this week by Brazil.

Brazil on Monday said it would impose a 2 percent financial transactions tax on foreign investments in Brazilian stocks and fixed-income securities in a move to stop the country's real currency from strengthening further.

The peso on Tuesday weakened to 1,920.45 from Monday's close of 1.872,6 pesos against the greenback.

Analysts said local demand for the dollar rose as investors looked to mitigate risks three days before the central bank meets to evaluate possible measures to slow the rise of the peso, which has gained 18.2 percent over the last 12 months.

Colombia could implement measures such as dollar purchases or a cut in the central bank's benchmark interest rate. But the finance minister said last week the government was not considering capital controls for now.

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mickymoose says on Oct 20, 2009, 20:02:

That is from ColombiaReports, not me.

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MaBarker says on Oct 20, 2009, 20:47:

The futures C coffee contract traded on the ICE is not correlated with the dollar. Agricultural farmland would be an excellent hedge versus the dollar, however you would have to do a private deal. Your last choice would be stocks in irrigation equipment, fertilizers, and faming implement companies.

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