The dollar, which closed yesterday's New York session at 1938.50 against the Colombian peso, dropped to 1913.50 in New York morning trading on Tuesday. This set a new multi-month low for the greenback. The dollar has been in a downward channel against its Colombian counterpart since September 22, 2009.

US Dollar vs COP (FX:USDCOP)
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US Dollar vs COP (FX:USDCOP)
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