Colombia's Budget Deficit Sparks Wall Street Selloff and Peso Decline

COP/USD: Colombia’s 9.4% Deficit Rattles Wall Street, Peso Slumps 2.1%

The picture painted by Colombia’s new government of the country’s public finances landed with a thud on Wall Street, sparking one of the worst selloffs of the year in the nation’s assets.

By Vinícius Andrade, Nicolle Yapur and Oscar Medina