# USD/COP retakes the 100-day SMA, bears still in command — Octa

> 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.

- Date: 2023-10-31 · published 2023-10-31T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/33911-usd-cop-retakes-the-100-day-sma-bears-still-in-command-octa
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

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.

## Read by commodity

- USDCOP: bullish ▲

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/1073673/

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