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The Colombian peso weakened for a second straight session, with the US dollar trading at about 3,921 pesos on average, up 0.12% from the prior day. Over the past year the dollar has still fallen about 15%.
The central bank expects the exchange rate to average 4,081 pesos per dollar by end-2024 and inflation to ease to 5.61%.
Small currency moves in Colombia have little direct effect on global feed prices, though a stronger dollar can slightly weigh on dollar-denominated commodity values.
fxleaders.comIgnacio TesonFeb 21, 2024Not 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.
