# Colombian Peso weakens against U.S Dollar with fiscal uncertainty | The City Paper Bogotá

> The Colombian peso lost about 3% in two and a half hours on June 13, a move the article describes as unusually large. The dollar reached a high of 4,150 pesos, with the drop attributed to US economic data and a Federal Reserve signal that only one rate cut was likely this year.

- Date: 2024-06-14 · published 2024-06-14T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/30083-colombian-peso-weakens-against-u-s-dollar-with-fiscal-uncertainty-the-city
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

Peso weakness driven by a stronger dollar makes imported feed inputs more expensive for Colombian buyers. The move reflects broader dollar strength that also affects dollar-denominated grain prices.

## Read by commodity

- USDCOP: bullish ▲

## Sources

- thecitypaperbogota.com: https://thecitypaperbogota.com/business/colombian-peso-weakens-against-u-s-dollar-with-fiscal-uncertainty/

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