# Colombian peso, stock market fall as finance minister leaves post | Financial Post

> Colombia's peso ended down 3.2% on Wednesday, its largest daily drop in more than nine months, after Petro replaced Finance Minister Ocampo with Ricardo Bonilla. The MSCI COLCAP stock index fell 1% and the yield on 10-year foreign-traded debt rose.

- Date: 2023-04-26 · published 2023-04-26T12:00:00.000Z
- Category: policy · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/36711-colombian-peso-stock-market-fall-as-finance-minister-leaves-post-financial-post
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

Markets had hoped Ocampo would stay, so his exit signals policy risk and a weaker peso, which raises the local cost of dollar-denominated feed imports. Higher bond yields also tighten financing conditions.

## Read by commodity

- USDCOP: bullish ▲

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/colombian-peso-stock-market-fall-as-finance-minister-leaves-post

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