# Colombian Peso Slumps as Traders Eye Revised Fiscal Plans

> The Colombian peso fell as much as 3.2%, extending its weekly losses, as traders worried about a widening fiscal deficit and an increase in the debt ceiling. It was the worst-performing currency globally on Thursday, reaching its weakest level since October before trimming losses.

- Date: 2024-06-13 · published 2024-06-13T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/30081-colombian-peso-slumps-as-traders-eye-revised-fiscal-plans
- 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 can pressure Colombian feed buyers' margins. The currency move is a modest, indirect signal for regional feed import prices.

## Read by commodity

- USDCOP: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2024-06-13/colombian-peso-slumps-with-traders-eyeing-revised-fiscal-plans

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