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Event Brief

BBVA urges shorting Colombia peso ahead of 2026 election

BBVA recommended shorting the Colombian peso via three-month dollar-call options ahead of the May 2026 election.
WHO: BBVA strategy team led by Alejandro Cuadrado
WHAT: Recommendation to short the Colombian peso using three-month dollar-call options
WHEN: May 6, 2026 at 7:44 AM ET
WHERE: Colombia
WHY: Fiscal deterioration and the lead-up to the May 2026 election.

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