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The Colombian peso dropped more than 4.3% early on April 7 as the dollar surged to about 4,363 pesos amid a Wall Street sell-off. Crude oil fell sharply, with WTI below $59 at one point and Brent also falling, as fears of a global recession from US tariffs grew.
Oil-driven currency weakness raises Colombia's import costs for feed ingredients, while the broader crude slump signals weaker energy demand and lower prices across commodity-linked markets.
thecitypaperbogota.comThe City Paper StaffApr 8, 2025Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
