# COP/USD: Fresh Petro Risk Sparks Rout in Colombia’s Currency - Bloomberg

> Colombia's peso sold off sharply against the dollar on fresh petroleum-related risk. The move came after a period in which the currency had strengthened and local government bonds had delivered some of Latin America's best returns since President Gustavo Petro took office.

- Date: 2024-09-27 · published 2024-09-27T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/28603-cop-usd-fresh-petro-risk-sparks-rout-in-colombia-s-currency-bloomberg
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

A weaker peso raises the local cost of imported feed ingredients and fertilizer, while oil-linked risk premia can tighten Colombia's financial conditions. The direct effect on feed commodity prices is modest.

## Read by commodity

- USDCOP: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2024-09-27/fresh-bout-of-petro-risk-sparks-rout-in-colombia-s-currency

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.