# Colombia's peso falls amid cabinet reshuffle | Financial Post

> Colombia's peso fell 0.9% early Wednesday after Petro asked his ministers to resign, saying his congressional majority had fractured. Argentina's peso steadied slightly after sharp losses on the black market.

- Date: 2023-04-26 · published 2023-04-26T12:00:00.000Z
- Category: policy · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/36712-colombia-s-peso-falls-amid-cabinet-reshuffle-financial-post
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

Political fragmentation in Colombia raises the risk of a more radical government and a weaker peso, which increases the cost of dollar-priced feed. Analysts noted the impact could ease if Ocampo stayed on.

## Read by commodity

- USDCOP: bullish ▲

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/colombias-peso-falls-amid-cabinet-reshuffle

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