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Colombia is reportedly set to suspend its fiscal rule as public finances deteriorate, according to a source. The peso closed about 1.45% weaker against the dollar on Tuesday, reaching a four-week low.
Capital Economics says the market has not fully priced in the fiscal deterioration.
A weaker peso and fiscal stress raise Colombia's macro risk premium, which can weigh on local demand for imported feed ingredients priced in dollars. The effect on global grain and meal prices is small.
reuters.comCarlos VargasJun 10, 2025Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
