# Colombia's peso to stay weak on central bank pause signs, mismatch vs oil price - Reuters poll

> A Reuters poll of 24 FX strategists expects Colombia's peso to reach 4,800 per dollar by end-June, about 4.2% weaker than Monday's 4,600. The central bank raised its rate by 25 basis points to 13.0% and may be near the end of its hiking cycle, and the peso has decoupled from lower oil prices.

- Date: 2023-04-05 · published 2023-04-05T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/36714-colombia-s-peso-to-stay-weak-on-central-bank-pause-signs-mismatch-vs-oil-price
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

A weaker peso expected by strategists raises the local cost of dollar-priced feed imports into Colombia. The disconnect from oil prices suggests domestic policy risk, not commodity moves, is driving the currency.

## Read by commodity

- USDCOP: bullish ▲

## Sources

- finance.yahoo.com: https://finance.yahoo.com/news/colombias-peso-stay-weak-central-110751858.html

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