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The Colombian dollar closed at 4,408.22 pesos on May 30, 2023, extending a recent downward trend, and at times traded below 4,400. Alianza economist David Cubides said the peso is strengthening against other Latin American currencies even as the broader dollar rose on US debt ceiling talks.
A stronger peso lowers the local-currency cost of imported feed inputs for Colombian buyers, while the global dollar strength still supports US-priced commodities. The effect on feed prices is modest because the move is driven mainly by local risk premiums and capital flows.
archyde.comAlexandra Hartman Editor-in-ChiefMay 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.
