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USD/COP rose on Tuesday ahead of Fed and Colombian central bank decisions. Markets expect the Colombian central bank to hold its policy rate at 13.25% in its quarterly report.
A stronger dollar against the peso raises the local cost of imported feed ingredients for Colombian buyers. A rate hold would keep the peso under pressure.
octaafrica.netOct 31, 2023Not 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.
