Investing.com — The Colombian peso has emerged as the world’s top-performing currency in September, while also showing the most significant improvement in relative fundamentals on the FX macro scorecard over the past nine weeks.
The Colombian peso maintains an overall bullish bias according to the latest currency assessments. Meanwhile, the Canadian dollar has shifted to a neutral stance from its previous bearish position. Both the New Zealand dollar and Japanese yen continue to hold bearish biases.
Trading pairs involving the Colombian peso have delivered strong returns this month. The short JPY/COP position has generated nearly 4% returns in September, while short has yielded almost 3% during the same timeframe.
Adding to its appeal, the Colombian peso currently offers one of the highest real yields globally, further supporting its strong performance in currency markets.
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