# USD/COP: Colombian Peso Continues to Lose Ground After Higher US Inflation Figures & FOMC Minutes - Forex News by FX Leaders

> The US dollar gained against the Colombian peso after higher-than-expected US inflation data. Minutes from the latest Federal Reserve meeting showed officials see inflation as more persistent than expected and likely to delay rate cuts. Market odds of a June Fed cut fell to about 20% from 59% a week earlier.

- Date: 2024-04-11 · published 2024-04-11T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/31043-usd-cop-colombian-peso-continues-to-lose-ground-after-higher-us-inflation
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

Higher US rates expectations strengthen the dollar and pressure emerging-market currencies such as the peso, which raises the cost of dollar-priced imports for Colombian feed buyers. The forecast of a further Colombian central bank cut would narrow the rate spread and could weigh further on the peso.

## Read by commodity

- USDCOP: bullish ▲

## Sources

- fxleaders.com: https://www.fxleaders.com/news/2024/04/11/usd-cop-colombian-peso-continues-to-lose-ground-after-higher-us-inflation-figures-fomc-minutes/

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