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A Latin America daily preview says the Fed's firm stance has supported asset markets. It expects Colombia's central bank to hold rates at its October meeting because conditions for a cut are not yet met despite weak economic performance.
A central bank hold keeps Colombian financing costs high and leaves the peso sensitive to the Fed. This matters for dollar-priced feed imports.
scotiabank.comOct 30, 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.
