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Colombia's finance minister resigned after a clash over the budget with President Petro. The peso had already closed down slightly more than 1% on Tuesday, weakening to 4,118 per US dollar.
The leadership change raises doubts about an expected central bank rate cut, which could keep the peso under pressure. Higher import costs for feed ingredients would follow if the weakness persists.
reuters.comMar 18, 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.
