U.S. DOLLAR / COLOMBIAN PESO
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Long USDCOP

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A new president with old ties to Colombia's guerrilla has been elected to power. His political views seem aligned with Venezuela's. Smart capital will look to exit the COP given the expected devaluation and complete depletion of reserves with possible failed socialists policies in the horizon. I expect the USDCOP to reach 5000 by EOY.

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