# Will trend of colombian peso against US dollar be maintained?

> The Colombian peso returned below 4,000 per US dollar on July 18, 2023, after about 13 months above that level, and has gained more than 17% against the dollar this year. The article attributes the recovery mainly to broad weakness in the dollar, along with improved investor sentiment.

- Date: 2023-08-17 · published 2023-08-17T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/34861-will-trend-of-colombian-peso-against-us-dollar-be-maintained
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

A stronger peso lowers the local-currency cost of imported feed ingredients and grains for Colombian buyers, which eases pressure on domestic feed costs. Continued peso strength would reduce import costs, but a reversal in the dollar could quickly erase the gains.

## Read by commodity

- USDCOP: bearish ▼

## Sources

- ochgroup.co: https://www.ochgroup.co/en/will-trend-of-colombian-peso-against-us-dollar-be-maintained/

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