Home Markets EMERGING MARKETS-Colombian peso jumps, Mexican peso dips after c.bank decision

EMERGING MARKETS-Colombian peso jumps, Mexican peso dips after c.bank decision

1
    * Mexican central bank hikes key interest rate to 4.5%
    * Colombia government to sign $5.39 bln in road contracts  
    * Fiscal, political concerns weigh on Brazilian real
    * Latam equities take a breather, Brazil stocks slide 

 (Adds comments, bullets, details; Updates prices throughout)
    By Shreyashi Sanyal
    Aug 12 (Reuters) - The Colombian peso jumped more than 2% on
Thursday, rising for the third straight day, as the country's
government said it will sign contracts for new road projects,
while Mexico's peso dipped even as its central bank hiked its
key lending rate.
    Colombia's currency jumped 2.17% to 3,855 against the
dollar, clocking its best day since June 2020. Transport
Minister Angela Maria Orozco told Reuters that the government
will sign contracts for road projects worth 21.3 trillion pesos
($5.39 billion) before its term ends next year.
    Analysts consider Colombia's poor highways and delays to
modernize them as one...

Click here for full article…www.reuters.com