Colombia’s peso fell as Europe struggles to contain its debt crisis and the Federal Reserve refrained from taking new measures to bolster the world’s biggest economy, hurting appetite for riskier assets.

The currency dropped 0.3 percent to 1,934.80 per U.S. dollar at 9:46 a.m. Bogota time, from 1,929.55 yesterday. The currency has slipped 1.1 percent in the past month.

German Chancellor Angela Merkel said there’s no easy and fast solution to the euro-region sovereign debt crisis. Speaking to lawmakers in the German parliament, she reiterated her opposition to euro bonds as part of a solution. The Fed said yesterday the economy in the U.S. is maintaining its expansion even as global growth slows.

The yield on Colombia’s 10 percent bonds due in July 2024 rose one basis point, or 0.01 percentage point, to 7.60 percent, according to the stock exchange. The bond’s price fell 0.092 centavo to 118.951 centavos per peso.